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Strategies & Market Trends : Graham and Doddsville -- Value Investing In The New Era -- Ignore unavailable to you. Want to Upgrade?


To: Bonnie Bear who wrote (1171)2/1/1999 10:03:00 PM
From: Wren  Read Replies (1) | Respond to of 1722
 
A somewhat conservative way to play the REIT sector is busted convertible preferreds. I bought CEI_prA (Cresent) for $16. Its call price is $25. Its 6.75% dividend rate yields 10.55% at $16. It is not convertible until CEI (now about $21) hits about $41.