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https://boards.fool.com/let-me-see-if-i-have-this-right-you-expect-to-get-31135634.aspx
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| Subject: Re: Preferred stock question | Date: 2/25/2014 12:43 AM | |
| Author: MisterFungi | Number: 35208 of 36649 | |
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Let me see if I have this right. You expect to get 3 more dividends of $.6563, or $1.97, and the preferred is selling at $1.70 over par, which suggests that it will get called at the end of Sept. So we're talking about a net of $.27 on an investment of $26.70 (i.e., approx 1%) in a somewhat risky, probably fairly illiquid preferred. Am I missing something? If not, why would you want to do that? |
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