TSX:BPO.PR.A - Post by User
Comment by
SONOFFERGUSon Jan 16, 2024 3:27pm
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Post# 35829765
RE:RE:Looking for insights from long-time BPO peeps
RE:RE:Looking for insights from long-time BPO peepsHi. Thx for your response.
I'm glad we're on the same page -- hopefully it's the right one!
I haven't bought pref shares in decades, so I was lucky to miss the rise and fall of fixed resets. Now I'm looking at all these unloved stocks like a kid in a candy store.
Since you swim in floating rate waters, do you have any thoughts on why floaters from high quality issuers trade like something stuck to the bottom of my shoe? I get there being a discount for illiquidity, but PWF.PR.A at half price, so yielding 140% of prime for the rest of time? What?