CaptBig...do you mind if I call you by your previous moniker "Big argue???( the tone and sentence structures are identical), and DoingOktoday...If you buy in and cover your short positions, you could purchase some mill preferred series B stock before Feb 15 deadline .It pays a 67 cent dividend (10.75%) semianually starting March1st.
Olejos, I was just looking into adding some Miller preferreds to my portpholio but I cant find the ticker or the marketplace in which to buy it. Are you familiar with the process? If so, your insight is welcome
You might have to call your online broker to get the order filled. I bought it yesterday from USAA, but I had to call them. I got it filled at 22.30. I see that it has jumped today. Yield is close to 12
On Yahoo finance, Miller 10.75% preferred stock is listed under symbol MILL-PC. On Ameritrade, it trades under symbol MILL-C, current bid 22.36, ask 22.56. I think the common stock has much more upside with comparable risk at this point.