I have purchasd 6000 at below 6 which seems incredible. The company carries an AA financial strength rating.They recently took 500 million in LEH,and WMU losses.They have a 1.7 billion dollar regulatory surplus; they are very profitable.I don't even think the common dividend will be totally eliminated.The preferreds will be paid.RRW
I agree. I have added quite a few AEG pref lately AEH,AEB,AEV). These are so underpriced with a callable value of $25/sh additionally sr. to common shares (dividends, liquidation). Any solvency concerns ?
GM bonds are YLD the same kind of %. Be very careful. The market is telling you something. The common hit $4.50+ this morning, =div around 18%. That div will be cut. AEH is going to get 10 cents on the dollar from the LEH debacle. Not great news.