Any thoughts about SFI preferred shares?
They are yielding now around 8.4% and - although are considered risky by Moody etc., weathered very bad times.
Are they good buy now, after significant recent drop to $22-$23 area?
Thank you, and Good Luck!
If you are strictly looking for income, yes they are a buy. As recently as May they were all trading close to par. Also all dividends since I have owned, (2008) are ROC. Earnings are slowly improving qtr after qtr. Only uncertainty is all the land, which they are working on. I have been adding this week. Best of luck to you.