No. of Recommendations: 0
Today I've been picking up shares of JWF at $16.60. That's one of Wells Fargo's preferred issues. At $16.60 their dividend works out to 8.47%. I figure it's a great place to sack out while the sky is falling, and the preferred will move back toward 25 in time as well.

You guys helped me decide to go 100% cash and wait. Any opinions on JWF? Any thoughts on what you're thinking of buying now? Right now my only other position is BRK, for reasons I assume are obvious.

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