TSX:BPO.PR.A - Post by User
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SONOFFERGUSon May 31, 2024 2:55pm
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Post# 36066766
RE:If short squeezed happened on BPO Prefers and the T's
RE:If short squeezed happened on BPO Prefers and the T'sIf the earth spirals out of its orbit, is it better to have a TFSA or a mortgage?
Can you stay within the bounds of reality with this stuff? Even in a CRAZY scenario, prefs are never gonna trade over $30.
They're redeemable -- we all sold call options to the issuer. The BPO option isn't worth anything right now because the credit spread implied by price is massive, but they could be one day. Cs traded above par at one point when it looked like the option would be exercised.