tag:blogger.com,1999:blog-1527840491496268397.post1683234633149046038..comments2024-03-08T11:20:30.095-07:00Comments on Credit Bubble Stocks: Ben Graham on Noncumulative Preferred StocksUnknownnoreply@blogger.comBlogger1125tag:blogger.com,1999:blog-1527840491496268397.post-43902680863722775872011-11-09T15:02:56.375-07:002011-11-09T15:02:56.375-07:00Preferred stocks are just dumb.
There is usaually...Preferred stocks are just dumb.<br /><br />There is usaually no real upside to the stock and its div can be passed or eliminated. So why buy a preferred??<br /><br />If you want interest, take senior bonds. Bonds also get equity first in the event of a default. Preferreds are second lowest on the totem pole for asset liquidation, just ahead of the common stockholders. <br /><br />Preferreds are just a idiotic idea. And some companies like classes of preferreds to control the co with little real exposure in ownership.whydibuyhttps://www.blogger.com/profile/10101676402335591169noreply@blogger.com