perhaps look at them in the context of, or relative to - other shippers preferreds. all are beaten up. cmre prefs have only recently began dramatic drops, falling more-or-less in line with other shippers yields.
have been questions around who survives long-term?
CMRE-B, CMRE-C, CMRE-D are all trading sub 20 today. I wonder what is going on? CMRE stock price seems to be holding up. I wonder if they are going to issue another preferred at a higher interest rate.
I bought some "D" awhile back, when I noticed the yield differential (higher) vs. the B & C shares...was a bit crazy...I'll take the highest yielder...I'm also seeing a large anomaly between the TOO-A & B shares today, with the B shares yielding about 1% more...i.e. about a 10% pricing gap ( based upon yield...not nominal).
And as for CMRE common...well, getting a bit asinine, imo ...good company....and now the yield, due to price drop, is probably 9.5%+ ...I like it a lot...but apparently, some were betting they'll miss their earning's number? some inside info?...hahaha...whatever...I do want to get some tho, but had no cash today, to free up.
over 9%. And it is recommended by Seeking Alpha (I just stumbled on...not a promoter) as one of its
current "Dividend Dogs"....solid company, high divs, low quote. I"m heavy in the stock, and added preferred.