I hope the new management will keep deleveraging and paying off the prefers to prepare ead to meet the challanges of a deflationary effects of the subprime global collapse.Theres now way about the fact that trillons in value went up in smoke as the ballon burst approx 15- month back....the printing of money helped but doesnot solve all the problems..japan is a prime example im the effects of a massive breach in trust and a collaspe of capital.
.Im betting on ead but if it goes pinco's path...well theres vegas for that.
try2...your on target..I know lots of people born in the USA and outside the USA who spell perfect and their eyesight gets the attention of gentlemen thats is important to spell correctly.Substance context is were we can profit from a change of ideas on this board.My point is that EAD moves have made the group more flexible and in tone with the macro tendencies of the markets and will pay of well in the longer run in dividens and market price.With a nomial zero interest rate and the ten year and 30 year treasury shrinking we can only expect that funds like ours will leverage more and invest in riskier investment to keep the dividen flow steady.Now EAD seems to be going against this tendency holding down and controlling the risk factor and I feel confortable with their approach.The eliminating of pref's lets our managers concentrate on our investments and its abiity to pay our dividens.For the record...there are over seven million and growing USA born citizens in and of Puertorican extraction and proud of it.Come on down to San Juan or any of our mayor towns and enjoy nice tropical climate.Take care.
He...MBA and MA in economics +50 years investing ...If you problem undestanding the logic of the description of ead's move and why I think fit in my porfolio let me know? If and when conditions change ead can do an about face and use levarage to produce better income.take care
d..the nav has gone upr from 9.13 to the present 9.69. the liquidation process of the prefers may account for that. notice in the balance sheet the drop in the size of the total fund and the drop in prefer dividen.