UnThreaded | Threaded | Whole Thread (7) | Ignore Thread Prev | Next
Author: LordXot Three stars, 500 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 35392  
Subject: Re: FBF.Pr.M what to do? Date: 3/3/2011 5:52 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 1
If you would like to keep your investment in BAC pfds, you might consider switching to another issue. BAC-I is a regular non-cumulative pfd discounted at 23.46 and yielding 7.04%. It's not a trup so not affected by finreg. The best feature is that this issue isn't callable till 10/2017. The non-cumulative feature is a drawback but if we expect that to come into play for BAC, we shouldn't own any of them.

From my point of view, there's no reason to keep FBF-M over par at a yield of 7.17%. That's a fairly conservative yield in the pfd world and easily replaced by something discounted to par and yielding more. Perhaps tax issues would lead you to keep it. But then again, you did say your plan was to sell at this level. I would replace it if held in an IRA. You can view many BAC pfds at the link below..................Xot

Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (7) | Ignore Thread Prev | Next


Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Post of the Day:
Value Hounds

Considerable Headwinds for Profire Energy?
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.