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Flaherty & Crumrine Preferred S Message Board

  • wheelbarrowme wheelbarrowme Aug 1, 2010 1:36 PM Flag

    Search for Yields Will Push FFC Higher

    Bank CD's and pathetic money market yields, feeding free money to banks, will continue for perhaps another year. During this time, investors will find FFC
    and be willing to pay a higher price to get the dividend here. @$20, FCC will still yield around 7.2% which is phenomenal in today's economy. That's over a 22% gain from today's price! The stock market is tapped out for a long time ahead. P/E's are way too high and company performance is extremely erratic to take a chance on capital gains. All pretty good reasons for holding onto FFC here.

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