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

To: rllee who wrote (33685)	3/3/2009 11:00:52 AM
From: MCsweet	Read Replies (1) \| Respond to of 78740

Bonds/preferreds versus common, Somebody recently posted the RCL trust preferred CWZ. I bought some of that. I also bought some PYK (Goldman Sach trust preferred). Figured with all their guys in the government, that their bonds would be ok. I sold that already after 30% profit. I will look into this more myself. In many cases, I'd rather be owning cheap corporate debt than common shares at this point. At the same time, preferreds of financials (while super cheap) scare me. MC