Mulligan
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- May 3, 2009
- Messages
- 9,343
Mully, love your perspective. Thanks for keeping us straight around here.
Ken, this just pisses me off with their untruths promoting certain issues, wouldnt surprise me if they do to front load and dump into spikes from the loyal followers. For example, they promoted this same issue a month or so prior also. But they were all mischaracterizing it as “high quality bond”. It is a B rated debt issue. All 3 rating agencies have it rated as such. That is deep in junk rated territory. By definition high quality is an investment grade bond. Yet the peddling fools wanted to argue that fact with me because they know there followers dont understand such terminology.
Now keep in mind I wasnt debating the merits of it being a suitable purchase for high yield. I have owned it and the preferreds myself. But they deliberately mischaracterize or are just plain damn dumb, one of the two.