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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (19547)8/15/2004 3:29:38 PM
From: Grommit   of 78687
 
PKS - I don't know about this one, but I am holding the preferred stock PKS-b.

finance.yahoo.com
Message 18685678

I bought a year or two ago, under $17.40 and it's been profitable. I don't know what to think now.

The PKS-b, at $19.11 yields 9.5% counting the dividend only, and 16.5% if redeemed at $25 in 2009 (it is mandatory redeemable, as long as they don't go bankrupt).

grommit

PS -- in that above link to SI last march, i mentioned ACAS (my favorite). ACAS was at $22-$23. It over $30 now, and still paying a 10% dividend. I think it's about fairly valued now, but still a good dividend play. They have nice dividend growth plans. Just raised it to .72 from .70 this qtr, and next qtr will be at least .76. Next year TBD.

Paul - thanks for the posting -- many things to look at...
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