Mulligan
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- May 3, 2009
- Messages
- 9,343
The safest ones to play now are large cap financials trading close to par. I in round 3 with COF-P. I buy at $25.10-15 and sell at $25.40. I also own 4000 share of COF-F since August 2015. It's call protected until August 2020. I picked those up for about $24.10. I don't understand why WFC-J hasn't been called yet and why is it trading above $26. It goes exdiv soon and it can be called on 12/15/17
J started its descent towards par several years ago. It sat right around last divi plus par and only very recently shot up. Very strange. Not worth the risk. It does need 30 day call notice as I checked. They can save almost 300 bps on a call/reissue. That is a lot of savings for a massive issue that it is.