Paul - for right now I only own the preferred shares. I am concerned about a dividend cut on the common.
It is yielding 8.39% now.
Actually, I thought I might be collecting rent money from you with my investment. What is the size of your mobile home?
The yield is currently 8.01% on that investment. It is held in my retirement account, so I don't pay any taxes either !!
David - during the Great Recession, the only major REIT preferred stock that "defaulted" was GGP. They preferred came out fine and no one lost a dime of their original investment and received all of their dividends.
My preferred stocks are a real safe haven in these volatile markets. Hope everyone has some preferreds in their portfolio.
WPG-PH is an excellent buy at the present time.
I think he has done about 30 posts in a row. He appears to be having some type of meltdown this week. I am guessing that his oil stocks got hit pretty hard the past few weeks.
Let's try to look at the positives here. Many investors are down $30 per share on their investment. At the current level you can only lose about $6 more per share.
Good luck to everyone!
This is actually good news for investors that are still putting new money into the market every month. The REIT and energy sector has been unfairly punished. There is lots of money to be made over the next 12 months.
What if the company files for Chapter 11 and the shorts never have to cover? How would that effect the short-squeeze?