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To: Charles M who wrote (52067)11/13/2025 12:35:27 PM
From: FL_Guy  Read Replies (2) | Respond to of 52113
 
Fortunately EICB was a simple replacement with EICC, at least for the time being.... but if you are looking for a buy and forget type of issue.... WFC-L, a busted convertible, now a perpetual. It's a $1,000/sh issue. Coupon is 7.5% and current yield as a result is a skinny 6%, but no worries on a call or redemption. And price may fluctuate but dividend is set and I don't consider this a credit risk.



To: Charles M who wrote (52067)11/13/2025 1:15:42 PM
From: robert b furman  Read Replies (1) | Respond to of 52113
 
Hi Charles,

VZ common today is yielding 6.78% or 7% @ $39.42

T preferred A is currently yielding 6.15% or 6.5% @ $19.23

I'm of the belief that we will see some more cuts this and next year in rates, all of which is a tailwind for these preferred to approach par at $25.00

Schwab money fund etf has been paying 4.12% to 4.30% while parking money. I expect that to approach and possibly go below 4.00% IN 2026.

Both are oligopoly telcos that seem to be allergic to price cutting.

Longer term the is Musk's Starlink, but no last mile fiber. They will be around for a long time. - I believe

Hope that helps.

Bob



To: Charles M who wrote (52067)11/13/2025 10:49:34 PM
From: Privately  Read Replies (1) | Respond to of 52113
 
Charles,

I don't make recommendations, but you might want to take a peek at your own power company. I own some of their preferreds, as well as those from Edison and SoCalGas.

PCG's preferreds are paying around 6.4% and (to me) seem to be relatively safe. Even through two bankruptcies and conviction as a felon (having killed hundreds of people), the worst thing they did was suspend payments for a while, then repaid it all back. I just don't see the gov. of the people's republic of California letting a Ute fail (especially with PCG being one of governor Newshound's biggest contributors).

again, just my opinion based on my view of CA politics, so pretty worthless.