And as always Jack, we thank you for the explanation and for your opinion. I find your opinions to be better than most of the analysts who get big bucks.
But keep in mind, payment is discretionary depending on their financial condition etc. This is also true of several other series. Three series that are mandatory pay - as opposed to discretionary - are series F, H, and L.
No trouble posting, but some problem seeing replys. For instance, Yahoo shows two replys to your message, but they don't come up under your message.
I watch a lot of stocks and therefore a lot of message boards. Most of the boards have a lot of trivial, nonsensical, vulgar and insulting BS that are just a total waste of time. You'd do well to pay attention to Luckijacks posts. I try to read them all - along with those of the people who respond. There's a lot of good information disseminated, and it's to Jacks credit that he would say "I think, I hope," etcetera.
Whenever someone gives you what they declare to be "solid" information be very careful my friend. One of my biggest losses was on a stock that Thompson Reuters had given the highest recommendation that I'd ever seen them publish.
Hey, best of luck to Ya'
I picked up just a little NBG common at 72 cents and may get back into the preferred A as well. Without troubling you for any geat amount of detail, what is your best and/or worst case scenario for the common and/or preferred at this point. I haven't been keeping up much with the NBG travails but I'm concentrating more on SAN. I'm adding as it declines. Chairman has stated they will continue the dividend at 0.60 Euros for 2013. What is keeping me above water today is - of all things - a chinese stock. SVA is one of the few chinese listings that wasn't a scam. Vaccine maker, and there's a new flu virus that has killed a few people. Sold NVAX a short while back - too soon. I know you were interested in that one at one time.
All comments appreciated.
to see how much damage there will be to other European bank stocks tomorrow when Cyprus banks open (6:00 AM Eastern time). There will be a bank run and there are limits set on how much can be withdrawn. I've been averaging down on SAN. Should have bought more early today but missed the low. Looking for an even better chance tomorrow. At todays closing price dividend yields 11.6 percent and supposedly is secure. Key word is supposedly.
As to NBGpA, I've been out for a long time but might dip back in tomorrow on any weakness. Apparently it now seems a tender offer is likely. Correct me if I'm wrong on that. RBS preferreds got hit pretty good today, along with other European banks. Sold preferred L a few days back but still holding a little p-G
SAN taking a pretty good hit today, probably due to this article. However I don't think there is anything in the article that affects SAN. Any thoughts ???
SAN announced the dividend will be maintained at the same rate for 2013. Chairman Emilio Botin's full speech is avaiable (in English) on the SAN website. I've been accumulating. I take the dividends in scrip to avoid the spanish tax.
For what it's worth, google the topic line. I don't think Yahoo will let a link be posted.