Post by
RagingBull3 on Nov 17, 2020 7:40am
Will "Fair Value" be significantly more than $25 ???
The Preferred "C" will pay ~$5.85 in Dividends in it's current reset term. $5.85 over just 5 years!!!! If rates go up, next term it will pay MORE! So, what's the "Fair Value" of something that pays this much CASH?? What's the value of something that pays you forever this much or more in Cash???
I'm thinking it's much more than $25. But that's only my thinking/opinion.