Thu, Jul 31, 2014, 10:16 PM EDT - U.S. Markets closed


% | $
Click the to save as a favorite.

Stock Yards Bancorp, Inc. Message Board

  • o08o.ugh64w o08o.ugh64w Dec 26, 2013 3:21 PM Flag

    SYBTP on sale

    Now trading at under $10.10 this is an opportunity to pick up preferred shares yielding 10%. Only open question is will they redeem the shares on Dec 31, which is the first allowable redemption date?

    The very high probability is that the preferreds will not be redeemed...has anyone seen a notice for a secondary common share offering recently? Another preferred offering at a lower rate? Any bond offering at a lower rate? There's $27 million worth of these preferreds to be redeemed.

    In the event that the preferreds are somehow called next week, your risk at this moment is 7 cents/share plus your trade commission. This is a very small risk for picking up these preferred shares that will yield 10%/year for however long the bank chooses not to redeem them.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
29.27-0.34(-1.15%)Jul 31 4:00 PMEDT

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.
Tesla Motors, Inc.
NasdaqGSThu, Jul 31, 2014 4:00 PM EDT
GoPro, Inc.
NasdaqGSThu, Jul 31, 2014 4:00 PM EDT