Sat, Jan 31, 2015, 2:49 AM EST - U.S. Markets closed


% | $
Quotes you view appear here for quick access.

Mid-America Apartment Communities Inc. Message Board

  • zebraspit zebraspit Jul 23, 2003 11:46 AM Flag

    Where does all that preferred money go?

    In a couple of weeks, when the preferred shares are redeemed, there will be upwards to, what
    - $150 million or so? - available for re-investment.
    Much of that money obviously likes MAA and wants to continue to enjoy the better-than-average 8%+ yield, so you might figure that significant amounts of that cash may be soon coming in to buy the common.

    Given that on an average day only about $1 million in common is traded, what will happen when many times that amount suddenly shows up, all at once, looking for a new home?

    Anyway, I wouldn't be surprised to a spike in the next several weeks that takes us well above $30.

79.32-1.40(-1.73%)Jan 30 4:05 PMEST

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.