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Non-Tech : Income Investing
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To: MCsweet who wrote (37624)1/31/2019 4:58:25 PM
From: codger  Read Replies (1) of 52129
 
Re: Bought Tsakos TNP-C 8.875% coupon preferred @$24.95. Issue is past call and

Management's last earnings call painted a rosy picture going forward. I figure that TNP should still be in business when failure to redeem clause comes into effect next year. Not betting on long term--that's why I am not buying higher yield perpetual issues without "failure to redeem" clauses.
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