RE:PreferredsI have watched the prefs closely over the past six months or so; can't really make sense of how they trade. The C's tend to follow the commons, since they are convertable, but the B's and D's seem to have a mind of their own.
The A class commons reached an all time low today, so I'm not sure about any lower credit risk perception. I don't think redemption is in the cards at the moment, as I don't think they can spare the cash right now.
Perhaps they got a mention on some dividend investment site as a speculative buy due to the attractive yield. Who knows?
Jim
marketsense wrote: Up strongly today. Does that mean they are transitioning into a lower credit risk or could it be
rumors of redemption at par to save on interest as these all pay higher interest than current.
Redemption could save them millions in interest if they can come up with the cash to call them
in or is there something else to explain this. Curious, i own the series2