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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Joan Osland Graffius who wrote (15876)	11/28/2002 4:02:59 AM
From: Dale Baker	Read Replies (2) \| Respond to of 78918

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.