TSX:BPO.P.A - Post by User
Comment by
pierrelebelon Mar 08, 2024 4:55pm
84 Views
Post# 35923685
RE:RE:There goes the T's.... Following the A's up... Others will
RE:RE:There goes the T's.... Following the A's up... Others will
Carena - I am in the process of updating my BPO preferred share spreadsheet.
First look - Combining and averaging all nine five year reset preferred shares, as prices went up yields are down from 13.30% at the end of December to 10.12% today.
The market value of all nine issues went up from $879,214,886 at the end of December to $1,243,444,542 at the close today.
The "A" had the best run over the ten week period (gaining over $5). However, I think that run is over on the short term.
In my book, taking reset dates and yield into account, the BPO.PR.T with a current yield of 11.39% still represent the BEST value today.
I am NOT selling.
My projections remain for $16 to $17 before the end of next month, representing a yield of 10%+, matching the average current yield for the other eight issues.