UnThreaded | Threaded | Whole Thread (5) | Ignore Thread Prev | Next
Author: dlocke Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 81640  
Subject: Preferred Stocks Date: 7/26/2000 4:02 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
I saw the Fool dismiss preferreds as "not for the individual investor" but some of them look very attractive for the bond portion of my portfolio. I see a couple of GMs that earn 8.9 and 9.4% respectively.

I'm trying to list the points I need to clarify before I buy a particular prefered.

One major item is the call price. I believe it's generally 25 and it's a good first guess when the stock is in the mid 20's.

Another is when the stock is callable.

Of course, the financial condition of the underlying firm is essential.

A few other general questions, in no particular order.

What would lead to a wide variety of returns on preferreds from a given company? PubSt (whoever they are) preferred range from 9.1% to 11.2%. Maybe some are convertibles?

The Schwab bond desk said these were equities and I could buy them on line. I've never found the ticker symbols for them, though. Do these have ticker symbols and where can I find them?

That's all the questions I can think of. I would appreciate any answers that some more experienced preferred investors can supply.

Thank you
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (5) | Ignore Thread Prev | Next


The Retire Early Home Page
Discussion on accelerating retirement day.
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 Glassdoor #1 Company to Work For 2015! 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.