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Strategies & Market Trends : Value Investing

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To: Grommit who wrote (17672)9/26/2003 1:54:10 PM
From: Grommit  Read Replies (1) of 78496
 
Another place for cash. New issue preferred KE-A

biz.yahoo.com

I mentioned GRT-f in previous post (see the post that this is responding to). GRT-f was at $24.90, yielding 8.8%. Now trading $25.5 to $26. (it should trade at $26, based on comparable preferred stocks -- 4% gain to purchase price so far.)

KE-a is yielding 8 1/2%, new issue, at $25 now. I think it should also trade around $26 once it gets established, unless interest rates go whacky or something...

finance.yahoo.com

regards,
grommit
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