TSX:BPO.PR.A - Post by User
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SONOFFERGUSon Nov 19, 2024 4:25pm
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Post# 36320489
RE:BPO story progressing nicely
RE:BPO story progressing nicelyThx Spiderdon. Very insightful and encouraging.
"Each quarter there is incremental improvement as the story unfolds, all BPO series remain compelling value with some greater than others."
Endorsed. It's tough to make sense of the relative prices. Ts for current yield (which, rightly or wrongly, seems to be the overriding metric for prefs generally), As for upcoming boost in current yield, Cs for massive fixed spread...and then the mushy middle. Special shoutout to the floaters that are likely to out-yield everything, yet can't catch a bid.
One day I'll have a valuation model worth sharing. One day.