RE:Preferreds a good value?In a normalized market the EQB prefs will return to around their normal trading range of the year of 24.60 +/-, up from 21.40 currently, a 15% gain
The EQB common goes back to the normal trading range for the year of 112.00, plus a bit for growth of book value and earnings since that time, say to 118.00 +/-, up from 79.34, a 41% gain
Does it still look like a huge discount to you?
Are you "comparing" to normal market prices, in a market that is down and has tons of stuff at very cheap prices right now? How about instead comparing it to the tons of other stuff that is also cheap instead... Might be more fruitful