sampr01

thanks. how much upside u r looking at? We generally buy the best bargains measured by discount to stated value. These are not always the most traded. We will buy the most liquid if they are not too pricey. It's more of a trading opportunity with a call on possible future value because a reorganization that wipes out the public preferred seems unlikely.

hi twacowfca are looking it as a trade or for long term investement. Which prefs did you buy FMCKJ or FNMAS or FNMAT. if you don't mind can you share your entry price because they are up more than $1 Thanks

Moore Please can you share your thoughts on MCP. Thanks We are in OPAP (as a matter of fact I started the thread) and it hasn't worked out all that great. Not familiar with the other names but will study them this weekend. We like MCP Debt here and the LEAPS, but we know the asset very well.

Hi Sanjeev Is it BAC.. I know you love stress test results ;D

Hi Sanjeev Mr.Market thinks otherwise...BAC getting cheaper...Do you think we will see tangible book value in a month.. Thanks