Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : TA-Quotes Plus -- Ignore unavailable to you. Want to Upgrade?

To: Howard R. Hansen who wrote (7852)	11/18/1998 10:22:00 AM
From: John Schott	Read Replies (1) \| Respond to of 11149

QUIP ON QUIPS If my fading memory serves, QUIPS were something MLPFS (when they still were MLPFS) dreamed up as another "product". [To me: A "product is yet another proprietary derivative to sell thus making a commission or fee where there was none before .] As I remember it, it was a prepackaged strip - that is a set of bonds where the coupons were detached from the bond principle to trade freestanding. [Others then copied the same idea and MLPFS sued. Don't remember who wons what, but each of the others naturally had another name for their product.] Trouble is - I can't remember which side of the split a QUIP was. Ask a local ML (FKA MLPFS) office.....

To: Howard R. Hansen who wrote (7852)	11/18/1998 9:21:00 PM
From: Howard R. Hansen	Respond to of 11149

What is a QUIPS One answer from deanwitter.com "Preferred Securities Morgan Stanley Dean Witter maintains a wide range of preferred securities in its inventory, including traditional or "perpetual" preferred stocks as well as "synthetic" preferreds such as QUIBS, QUICS, QUIDS, QUIPS, MIDS, MIPS and TOPrS In general, preferreds offer: - a predictable income stream. - yields that are typically higher than common stocks. - a variety of credit quality levels. - liquidity at market prices through the OTC and major exchanges. - dividend payment seniority over common stocks. Traditional Preferreds: - are senior equity securities. - offer fixed dividends — paid quarterly. - are generally "perpetual" with no set maturity. - provide domestic corporations with a tax advantage ("DRD"). Synthetic Preferreds QUIBS, QUICS, QUIDS, QUIPS, MIDS, MIPS and TOPrS): - are debt securities. - offer fixed dividends — paid quarterly or monthly. - have a set maturity — generally 20 to 50 years. Both Types of Preferred Securities: - are typically callable prior to maturity. - provide a call protection period — generally 5 to 10 years. - are offered in low minimums — typically $25 par value. " Now aren't you sorry I asked.