Its been fun writing over there and seeing the discussions that take place. Article # 2314215. (sorry the link was rejected). Donk tried to comment in the first article, trying to pretend he is rational. But they have already spotted him as a CPA----Certified Public A**hole
Now he has taken his act to that article I wrote and trying to pretend he is a rational guy. But of course he slips up like talking about K-1s. HA. In one post he says, 'I don't know anyone who got rich on preferreds, and in the next he is recommending TIPS. So the people there are 100 equity investors, some don't even want to consider preferreds, and he is touting TIPS and municipals. But really the same old act. whatever I say he will say the opposite, even if it makes no sense.
If the price would go up 10% or so then I think you would see it on 'downgrade' lists due to the price only. There is not much movement here. I like it for the dividend.
Glad they did not settle this 'nuisance', case and give some bloodsucker law firm $10 million just to go away. It would be great if more companies followed this route and made those firms lose money
wow. what a bold prediction. A company trading at its all time high may not be poised to go any higher. Sounds like the stock market in general.
no one said there was. But in 'real world' (where you don't live) the dividend will be paid. 1/2 of one percent default rate
And once again remember that a company cannot omit the dividend on the preferred while paying the dividend on the common.
Isn't the important fact here that these are investment grade issues, not that they are cumulative.? Cumulative or not, I think once the dividend is suspended, there is little chance that it will be resumed as the company sinks into insolvency.
Preferred stock dividends are NOT paid at the discretion of the company any more than a persons home mortgage is paid at the discretion of the borrower. Non payment is a sign of SEVERE financial distress and therefore is unlikely for a investment grade issue. Default rates on these preferreds have averaged less than 1/2 of 1 percent annually. (even taking into account 2008 and 2009)
As I said. Just an idiot who is jealous because he has nothing rational to say. So stick to your specialty--nonsense posts.Couldn't even last 5 minutes without resorting back to this.
Thanks, Yes most took everything with a grain of salt and no moronic posting there. It was fun. But now I'll have to write another article to get enough page views to get the $100 minimum check. yikes.
ooops. Really the more you post the more we see that you are the idiot. I'm not claiming to be an expert, but the discussion there was fun and informative.
don't be snippy. You know you blew a great opportunity by not reacting quickly enough