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Strategies & Market Trends : 50% Gains Investing

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To: Dale Baker who wrote (103101)	8/8/2011 3:04:20 PM
From: Jurgis Bekepuris	Read Replies (1) of 118717

Buying back pfds is always easy sometime later. Yes, at 10-20% higher prices. Hmm, that's like 1.5-3 years of pref yield... ;) Recouping losses in them can take years, as we know. There are only two issues when this would be a problem: treasury rates rise and your pref coupon becomes worth-less; company stops paying and your pref becomes worthless. Other than that, I am fine holding them for years. Are you really 100% confident in the credit markets with stocks reacting like this? I don't give a rat's ass about credit markets. If prefs go to $10 on $25, it's gonna be even merrier. KIDS DON'T DO THIS AT HOME! :)

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