RE:RE:RE:RE:Surprisemouserman wrote: If you like financials, one that has most of the stocks that are in FFN, with a much higher bias towards CAD banks, i would suggest BK. It keeps the yield at around 15% no matter where the stock price is sitting, altho you could see still capital losses . It will continue to pay for a while tho , with better than 7$ of safety for paying to commons. So for distributions , it will provide income and eventually we will see a rebound in the banks.
For more diversified safer plays, i like DFN and DGS, altho DGS not as safe as DFN, but has a much higher yield. Both will be paying again for the month of MAY is my prediction, where it certainly looks as tho FFN wont. The biggest worry holding FFN will be the huge drop that happens when it becomes clear the commons wont be paying distributions.
Would suggest waiting for the next treasury issue for BK -- last one was nearly 3 months ago -- before building a position. This assuming that other posters are correct that Quadravest will not issue new units if the pref is trading below par. BK/BK.pr.a along with FTN/FTN.pr.a are the only Quadravest issues that qualify. Ps as I have significant short in FFN that biggest worry you mention is my biggest hope! GLTA