Recent

% | $
Quotes you view appear here for quick access.

Cohen & Steers Reit and Preferr Message Board

richesse2002 5 posts  |  Last Activity: Apr 2, 2015 4:02 PM Member since: Dec 22, 2000
SortNewest  |  Oldest  |  Highest Rated Expand all messages
  • Reply to

    Capital Gains

    by richesse2002 Apr 1, 2015 2:26 PM
    richesse2002 richesse2002 Apr 2, 2015 4:02 PM Flag

    Yes, but a cautionary note should be sounded when investors pay over redemption value. Again,
    I acknowledge HLM has a good track record, but we cannot foretell the future.

  • richesse2002 by richesse2002 Apr 1, 2015 2:26 PM Flag

    Ordinarily, preferred stocks aren't bought for capital gains but for their returns and safety. So if it's called, it's going to be $25. What's the problem? The high rate of return should tell you something. Nevertheless,
    HLM has a pretty good track record so far.

  • Reply to

    Selloff?

    by willi14555 Mar 24, 2015 5:30 PM
    richesse2002 richesse2002 Mar 30, 2015 3:55 PM Flag

    I think my initial explanation was valid. On thinly traded stocks like HLM, there's downward pressure on
    the price when a holder decides to unload in more than the usual quantities for whatever reason. And
    then maybe a panic reaction, i. e., holders don't know what's going on and sell.

  • Reply to

    Selloff?

    by willi14555 Mar 24, 2015 5:30 PM
    richesse2002 richesse2002 Mar 25, 2015 9:59 PM Flag

    Hillman Group Capital Trust, 11.6% Trust Preferred Securities; coupon rate, 11.6%; annual amount,
    $2.90; maturity date, 9/30/2027 -- one of the consistently best returns of any listed preferred stock or any
    other financial instrument for that matter.

  • Reply to

    Selloff?

    by willi14555 Mar 24, 2015 5:30 PM
    richesse2002 richesse2002 Mar 25, 2015 1:58 PM Flag

    There isn't that much activity (trading) in the stock, and when someone wants to unload, it puts downward
    pressure on the price. In other words, there probably isn't a company event that is affecting the price.

RNP
19.01+0.08(+0.42%)May 1 4:02 PMEDT