No. of Recommendations: 0
HFC-B
Hi I've been lurking for years and am very grateful for what I have learned here. I am retired and am looking for a safe investment. On Quantum I found a preferred issued by HSBC Finance Corp. Its quopon is 6.36% and call date of 6/24/10. NYSE symbol is HFC-b and it closed today at 21.05 (call price is $25) If I buy it and it is called at $25 I will collect a capital gain. If not I still collect todays yield being 7.55% as per yahoo finance. What am I missing? It seems too good to be true. Does anyone have anything to add plus or minus. Thanks.
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