Deleveraging of corporate equity, regardless of industry segment, shows no sign of letting up. The breakneck pace of new preferred stock issues that we have seen over the last several months continued unabated during March 2013.
The 20 new preferred stocks issued during March 2013 bring the year-to-date total to 53 new issues - a bumper crop for preferred stock investors to pick from. But by the time most preferred stock investors knew of these new issues the market price had jumped well above their $25 par value...
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The 20 new preferred stocks issued during March 2013 bring the year-to-date total to 53 new issues - a bumper crop for preferred stock investors to pick from. But by the time most preferred stock investors knew of these new issues the market price had jumped well above their $25 par value...
Note To Readers: This article was chosen to appear on the popular investing website 'Seeking Alpha'.
By clicking here a new window/tab will open on your screen to this article as it appears at SeekingAlpha.com.
Receive my Seeking Alpha articles by email: When viewing one of my articles at Seeking Alpha, click on the "Follow" button under my picture. You will be notified by email when I post a new article to Seeking Alpha.
Please enjoy reading this article at Seeking Alpha.
Many Happy Returns.
