Of course, I'm talking about Lucent's preferred stock, with the official name of Lucent Technologies Capital Trust I (PINK:LUTHP). This is a 7.75% Cumulative Convertible Trust Preferred Security which was first issued in 2002. During the last year, it had a low of 935.00 and a high of 1,100.00.
Yes, you read that right. Lucent, the voice, data, and video communication services company, closed at $1,037.50 per share Thursday, January 18. You didn't think this was the Lucent common stock that used to trade on the NYSE under the symbol LU, did you? Nor is it the Alcatel-Lucent (NYSE:ALU) stock which is the result of the merger between French communications company Alcatel with Lucent.