Post by
EdPaquette on Mar 31, 2023 11:21am
Mispriced assets X2
The chances that banks gain 10% and FFN starts paying exists, but is slim for now. Most see the banks going down in the short term. The better deal here is FFN.PR.A available for a discount. Buy it for 9.40, and redeem it for 10. Collect 8% while you wait. It's true value is $10 unless unit nav falls below 10. As for FFN, it should be at a discount while not paying, so it should trade for $2.50, and I think it will by Halloween.
Comment by
primo105 on Mar 31, 2023 11:51am
Agreed. Have you ever gone through the redemption process? Is it easy to do through an online broker?
Comment by
mouserman on Apr 04, 2023 10:30am
For some reason, investors , (gotta be newbies) are buying and supporting FFN commons. Today alone the holdings have probably lost about 20 cents asmthe CAD banks /lifecos joining the red brigade, those US holdings going down and USD dive helping the losses accumulate. FFN preferreds will get some life here very soon, i am predicting.