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


To: E_K_S who wrote (38700)9/17/2010 12:03:20 PM
From: E_K_S  Respond to of 78702
 
Re: Brandywine Realty Trust 7.50% S (BDN-PC)

FWIW peeled off another 25% of these shares (bought 3/2009 @ $9.00/share). Their paying prices above Par now ($25.20). I guess investors are searching for yield and willing to pay a premium for the security of the cumulative preferred dividend.

This traded around $26 (yields 7.2%) in late 2005 so the up side is somewhat capped.

EKS