North American Financial 15 Split Corp T.FFN

Buy common or preferreds..

[ice148]

Opinions on buying commons now. Or..buy preferred now and switch to commons later..

[DOOMSDAYE]

Buy preferred until we get stability in this market

[amugsgame]

I've been long prefs / short commons over the last 1 1/2 months. This has paid off well. Good safe div on the prefs and very little risk on the short position given the work of mouserman and pos on their NAV estimates. Buying the commons now is opening up potential of further downside in the near future    

[EdPaquette]

Here's a 3rd option.  Buy BK instead and get 15% instead of 22% (too greedy) or 6%(too fearful).