The average market price for the highest quality preferred stocks started dropping last week in anticipation of the September 17-18 meeting of the Federal Reserve's Federal Open Market Committee (FOMC), making 102 of these securities available below their $25 par values at the close last Friday.
While there is no way to know what future prices will be, the evidence that we have from last week suggests that value investors who hold preferred stock shares are poised to create another opportunity for income investors. Preferred stock buyers should be watchful for bargain prices triggered by this week's FOMC meeting...
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While there is no way to know what future prices will be, the evidence that we have from last week suggests that value investors who hold preferred stock shares are poised to create another opportunity for income investors. Preferred stock buyers should be watchful for bargain prices triggered by this week's FOMC meeting...
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.
