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Gold/Mining/Energy : Gold & Gold Stock Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (16899)	12/30/2008 12:55:53 PM
From: Horgad	Read Replies (1) \| Respond to of 29622

From what I can tell of the ones that are still trading: FCX-M 18.2% premium over common with a 14.9% yield and only good for a year and half FCXGL 36.6% premium over common with a 9.2% yield and good basically until the company goes BK or the stock price gets high enough to force a conversion to common The premium over common for both of them seems way to high for me especially on FCX-M it basically kills the majority of your yield from the dividend. Anyhow like you say it is probably too early to start betting on copper. The LME copper stock chart looks like complete crap...growing and growing and growing. Disclaimer: I am a noob when it comes to preferred shares.