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AvatarRoger Conrad
6:48
Sorry Jimmy, a previous answer I gave posted after your question. Anyway, I'm not really saying to go out and sell all of your preferred stocks, especially those held for a long time. What I am saying is I don't see a lot of value in the preferred stock universe for new buying at this time. The buy in prices don't offer the kind of yields that would compensate for the risk of rising interest rates and credit risk. But so long as a company is solid from a credit standpoint, I don't see anything wrong with holding on through the cycle. I think you should count on any preferreds trading at big premiums to be called, though CMS B would only be a 110, which would be a nice profit.
I will make an effort to address preferred stocks more in the future.
6:49
Well that's all I have in the queue as well as the email pile for this time. Once again, I want to thank everyone who participated and there will be a transcript soon after I sign off with all the questions and answers.
6:50
Thanks again everyone for subscribing to CUI. If there's anything we didn't get to please drop us a line at service@capitalisttimes.com
See you next time.
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