After Government take over they announced suspension of dividends on common and preferred stocks, does this mean that the preferred dividends will not be accumulated until the suspension is lifted or will not be paid at all? I've always been under the impression that preferred stocks were like a loan at an agreed percentage rate and maturity date, and that it would be honored unless the company went bancrupt. Can anyone give me an answer?
I looked at each of the Freddie preferred they look like most people have capitulated in each of them. My understanding is the preferred will get repaid first once the government releaseas the converatorship. But this is an educated guess. I bougght a few more of FRE at .40 with the cash I had. I possibly will buy more this week as a long term hold. I don't really think the gov wants this to go bust.
Now we are touching $2. I still think we hold and many people will be accumilating after $2 in the morning. Shorts have to cover and how high can it go?
I bought 14 at .40 with the cash I had and put me at 29 shares. I hope this keeps going higher.Maybe someday I can recover my investment.
Billy Ray would like to know what happened at 2pm today to make my beloved (cheap) Freddie Mac hit the floor? It bounced back, but not near what it was. Was there some news flash I missed or was just random histeria? Any thoughts?
I saw the samething. I haven't decided what I want to do on Monday as I haven't seen any news on completion of the bailout.
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