Khaleel

Banks: Can They Rally for More Than a Week

Has anyone looked into the cummulative Preferred Shares of the financials?
The Current Yield on them are extremely attractive even after the rally we have seen over the last few days.

Since they are cummulaive they are obliged to pay at the later date if the interest stops being paid out.
I guess what it becomes is a bet on the Bank itself to see if they can survice. Once the economy restores itself to a more stable and recovery mode these these cumulative Preferreds should rally.

Comments please?