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Tom Armistead is a
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Good article - this encouraged me to do some research and take some good advice on similar ideas.
Nov 01 15:53 pm
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All Comments by Tom Armistead »Not All Preferreds Created Equal [View article]
Ambac "preferred" AKF was trading at 5, par is 25, for a company that is rated AA by S&P and Aa3 by Moody's. Hardly risk free but as Full Deck suggested it was a potential 5 bagger at the price, so I bought some and was rewarded with a quick run up to 7.40....
I halve a lot of AIG but I will probably try a little AFF..