Charlie Stromeyer Jr

On Ben Graham, Bank Stocks, Jason Zweig and Tom Brown

I like this piece, and have a question:

A popular trade in Brazil about a month ago was to go long the preferred shares of Petrobras while simultaneously shorting the common shares. This was a very successful trade, but would it qualify as a "related hedge"? Thanks.

Disclosure: I engage in related hedging, trading Brazilian equities, and am long many financial companies but few here in the U.S.