wanna see real carnage. check out the preferred stock closed ends.

Discussion in 'Stocks' started by stock777, Aug 14, 2007.

  1. bagged
  2. Reminds me of one of my prior trades: JPS

    Forget about the plummeting NAV. Current discount is only about 5.5%. You could have picked this puppy up at a sweet 13% discount from tax loss selling in Dec 2005. Too bad that play wasn't repeatable last year (but might be again this year!)

    Plenty of time to wait for these to adjust. Wait until they cut the div. That discount should nicely reappear.

    (disclosure: not currently positioned in JPS)
  3. Thinking about going completely to cash tomorrow morning.