ugadawg_98 Posted December 22, 2009 Share Posted December 22, 2009 From feast of ideas in March, now famine. Wow. I should have held every preferred or exchange-trade bond I bought in 1q. Link to comment Share on other sites More sharing options...
StubbleJumper Posted December 22, 2009 Share Posted December 22, 2009 From feast of ideas in March, now famine. Wow. I should have held every preferred or exchange-trade bond I bought in 1q. About 2 months ago Benhacker mentioned WNA-P as a potential buy. At the time, it traded at about $19.5, with a resulting dividend yield slightly higher than 9%. Add to that the likelihood of a reversion to par prior to the 2022 redemption date.....and then add on a little for the devaluation of the CDN$, I could see 11-12% returns over 5-10 years. So I did take a small bite in October, and it's worked out quite well. Thanks Ben! It's now selling at about $21.5, so that's still a dividend yield over 8%, with a little room for capital gains..... SJ Link to comment Share on other sites More sharing options...
Uccmal Posted December 24, 2009 Share Posted December 24, 2009 I am still holding RBS.pr.p since April/May last year - Royal Bank of Scotland - $25.00 preferreds. A small holding due to obvious risks. On the other hand I cant see RBS or anyone else stopping payment permanently on their preferreds. That would be a death knell when they are trying to raise money via equity and other preferred placements. Link to comment Share on other sites More sharing options...
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