. . . was mine. I'm loading up on every down move, just took a triple position in the low $2.70's, and if it gets near $2.50 I'll mortgage the house. Remember just a few weeks ago when I couldn't imagine SHO common getting this low? One thing I've learned is not to beat myself up with the past. Just because I starting buying in the high $4's doesn't mean I stop now! Quite the opposite.
Hey Vince, kind of joke yesterday, eh? Closed on some SHO-A at $9 with no drama this morning.
It's probably a "bot" then, someone has programmed multiple personalities, and wrote a little program to dump a bunch of one-star ratings on a post. It's an epidemic at ACAS, almost every post gets instantly one-starred.
Oh heck no, when ALD and ACAS got within 25 cents of each other, I bailed on my remaining ALD and moved the capital to ACAS, because even if all things are equal ACAS should trade well above ALD just based on relative NAV.
The market reaction today on ACAS was inexplicable. The Euro fold in will now go ahead, and management did everything but come out and say that the covenant issues have been skirted with the creditors. I expected the stock to jump way up. Of course, you can't discuss anything like this on the ACAS board, which has been destroyed by a one star robot rating troll.
You were banished on the BEE board? I didn't think a general banishing was possible, just that damn one star thing, which was well intentioned, but has become a mess.
It does appear that the market is foretelling a return to those crazy November 2008 prices on preferred stocks.
I personally believe until proven otherwise that the preferred in BDN, EPR, NRF, HPT, and SHO are good ones. BDN reported today and the preferred looks extremely protected to me. They are buying back some debt and the BDN-PC is currently yielding over 19% and that is investment grade.
I can't wait to see the report for EPR and HPT coming soon.
If the opportunity presents itself at those crazy levels once again I have dry powder.
I don't know, the last time the common on these stocks was this low, the preferreds were well below the current levels. NRF-B is sitting around $9, but it was below $6 at one point in the fall, that's a pretty large distance. Everything is so low it's difficult to decide what to buy! Just about anything will work here.