Alex Filonov's  Instablog

Alex Filonov
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I was born in 1956 in USSR. After graduation from college in 1979 I worked full-time as an IT specialist. Until 1990 I worked for different companies in the Soviet military industrial complex. I created a small software business in 1991, which failed in 1993. I worked for Oracle Corp in 1995 in... More
My blog:
Muddling Investor
  • Changing Fix Income Mix 2 comments
    May 20, 2013 11:55 PM | about stocks: PGF

    Opened Santander 10.5% preferred (Yahoo! ticker SAN-PE, Google SAN-E) today. It's a replacement for PowerShares Financial Preferred Portfolio ETF (NYSEARCA:PGF). Moving to higher risk / higher reward.

    Disclosure: I am long PGF.

    Additional disclosure: I am long SAN-PE. Positions can change any time.

    Stocks: PGF
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  • anarchist
    , contributor
    Comments (1970) | Send Message
    I have traded the San-B shares and made a pile, probably should have held on to them as they are trading higher but still under $25. I was surprised you bought the SAN-E $2 more than the call price. Both of these preferred sport a Moody and S&P rating of less than investment grade but I figure that Santander is not going broke during my lifetime.
    22 May 2013, 04:26 PM Reply Like
  • Alex Filonov
    , contributor
    Comments (1412) | Send Message
    Author’s reply » Well, SAN-E trades over 27 for a long time and yield is still above 9%. No, I don't think Santander is going broke any time soon.
    23 May 2013, 12:36 PM Reply Like
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  • Sold some $FB Mar 15 $80 covered calls and Mar15 $72.50 puts
    Jan 29, 2015
  • CLosed $LRLCY. Will buy back at lower level
    Jan 21, 2015
  • Added to $SAN
    Jan 7, 2015
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