RE: RE: RE: pref A, B, conversion/value -- a taleThat's actually a really good point gw. I spent quite a bit of time in the mindset of Mike from 2007 and the only reason you'd buy series 1 today is if you're banking on $25 bucks back in Dec 2012 which I agree is seeming unlikely despite what the company is saying. I don't think I'd get into the series 1 either and maybe I shouldn't be so adamant about telling the fellow who bought them this week to hang on for better things. Dunno.... I hate telling people to sell at a loss.
If you're making a play of survival and don't like the common share dance, I agree with you that C's and D's are a good way to go. Personally, I sort of like and am pretty decent at dealing with the common share shenanigans (most of the time anyway) so I like the commons. For income, of course another option is to steer clear of this whole fray altogether.
The most secure thing in this country is probably Timmie''s (THI) ... :-)
However there are lots of other ex income trusts that have been hammered pretty badly that might be safer. This is just my opinion of course.
Mark