Value Investing Message Board

STOCKTALK

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 Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Sergio H who wrote (45110)	10/24/2011 3:26:06 PM
From: deeno	1 Recommendation Read Replies (1) of 78744

yes I m aware of the trust preferred issues and though there may come a time where that will be profitable I do not think B of A is in the mode of bringing new preferred paper to replace them. Frankly they are paying through the nose to roll the paper that they have. Just bad press. You asked a specific question, which I answered directly , without regards to the callable aspect. The average over the year of premium bac.x over cfc.B is less then one. Its currently over 2. IOW If I had X, I'd sell it to buy B. In fact if I had CFC.a (and did) I would sell that to buy B as well. BAC has an assortment of more than 20 PFD's of different names. The liquidity, or lack of, creates fasinating discrepancies from time to time. When horrible news hits B of A there are all sorts of dividend capturing strateigies that are profitable. Good luck!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next