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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Joe Stocks who wrote (85300)	8/18/2007 7:15:54 PM
From: Giordano Bruno	Read Replies (1) \| Respond to of 110194

Let's say CFC's problems aren't behind them 3 years from now and they skipped (because they can) on every dividend payment. How much are those preferred shares worth?

To: Joe Stocks who wrote (85300)	8/20/2007 9:00:50 AM
From: tdl4138	Read Replies (3) \| Respond to of 110194

I have a question for the thread and would appreciate any comments. I noticed ETF's like PMF, have sold off during this debacle and am wondering just how viable a position would be at this point in time. Strictly a municipal bond holder with a nice yield of roughly 6.5%. Obviously some other people thought it appropriate Friday as it had a real nice move for an ETF of this type. Actually, I am a little puzzled as to why it made such a big move. After looking at a chart I was also surprised that the valuation was consistently going up as the FED raised rates. What am I missing? Thanks in advance for any comments