wow, looked very nice!
Hmmmmmm? I thought they would move up to 7 bucks by mid-June. Any chance of a tender on these? Preferreds never ever trade up like this without a reason. Oh, any chance the company is buying? I'm not aware of any board approval for it, although they may have snuck it through today.thanks, and cheers,jack
I don't think any company or institution is buying, the volume and trading lots are so small.
Wish I still had my max shares instead of my core, I thought there would be a pullback mid quarter but it doesn't look like that will happen.Anyway not sure if the move is from repurchases or the fact that divi should be declared next week (15th).
My opinion is that the PRF is moving up due to the news yesterday about the tender offer. I mean, we just got 800-1000 million debt out of our 2009-2012 balance for no cash! That gives people confidence.-Fernando