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Strategies & Market Trends : Value Investing
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To: Joan Osland Graffius who wrote (15876)11/28/2002 4:02:59 AM
From: Dale Baker  Read Replies (2) of 78753
 
Joan, there is a small industrial bank in California called FMT, Fremont General. They had a disastrous foray into insurance that they dumped recently.

The stock is a good value risk in the 4's; the FMT_p preferred is about 19 with a 12% yield. Looks very safe to me (I am long from 18).

Also have WMB_pi but that is a risk turnaround play, not a "solid" company.

I would also be very interested in other ideas for preferred stocks. The yield in many is terrific.
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