TSX:BPO.P.A - Post by User
Post by
pierrelebelon Dec 05, 2023 11:06am
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Post# 35769058
Nice rebound in ALL BPO preferred issues
Nice rebound in ALL BPO preferred issues
A quick look at the chart of all BPO.PR. issues shows a rebound of 30%-40% in the five weeks since their multi-year lows of late October.
Any way you look at it - it is good!
It appears that tax selling came in early this year. The worst is most likely behind us. With Canadian interest rates expected to drop slightly later in 2024, preferred shares should benefit.
Anyone taking the time to check the 10 year chart for each issue will notice a pattern where the BPO preferred shares rebound to the $20/$23 range every three or four years. On that basis patient investors - holding their preferred shares until 2026 -could expect to make money, lots of money!
Patience will be rewarded.