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Non-Tech : All Industries Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Jerrymac who wrote (3704)	8/23/2011 1:17:28 PM
From: Keith Feral	Respond to of 13719

I'll bet they are shifting some positions around this month. With BAC preferred back near $21, why wouldn't anyone not take the paper. With FFC and FLC trading at a slight discount to NAV, a big rally in preferreds would set up some nice appreciation regardless of whose paper they have. I'd be swapping any preferreds near par to take advantage of the higher yields in some of the bank preferreds trading at a big discount to par at $25. I don't want to take the time to set up my own set of holdings, so I'm adding to those positions for a quick move once they get past ex dividend. Same with RNP and RQI, I wouldn't add to the positions before ex dividend, but I won't hesitate to add once they get past ex dividend for a day or two.