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Newcastle Investment Corp. Message Board

  • rjraecek rjraecek Feb 18, 2013 4:26 PM Flag

    Preferreds

    Does anyone holding NCT common have the preferred stocks in series B, C & D?
    They all pay super divided 8 -9%.
    Any comments on the preferreds versus NCT common would be appreciated.

    Sentiment: Strong Buy

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    • I hold some B in my IRA. Less volatile, no potential for higher share price but good yield.
      If you are looking to pick up preferreds, be patient on price and you can pick them up a little closer to par...they are pretty high right now. Of course, use a limit order as noted by jerseyvinny they are thinly traded.

    • For starters, be aware the trading volume for B and C is very low. Some days it is zero. D is the only one trading in volume. They sell above par and are callable at any time so yield to first call can be negative. Their financial situation is good so I don't think they will suspend interest again. Would feel better if they sold at par or at a discount but in this yield-starved market, that probably ain't gonna happen.

 
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