SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Value Investing
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: MCsweet11/5/2009 1:11:41 PM
1 Recommendation  Read Replies (2) of 78751
 
FJA,

Embarq (now CenturyTel) trust preferred trading with a 9.24% yield-to-maturity at a price of 20.55 according to my calcs. Pays roughly 0.89 dividend soon. CenturyTel is S&P 500, investment grade, near 52-week high with seemingly solid results.

Although FJA has rallied along with all other corporate bonds, it seems to me an attractive valuation, including versus where other CenturyTel bonds are (I see yield-to-maturities around 8%).

For more info, check it out on quantumonline.com.

My old recommendation PIY, by the way, is looking a little dicier to me. It is a great yield, but FTR seems like a much less solid company. I will probably take some further profits on that one.

MC
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News