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ORH.A


Crip1
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I don't think there's a lot of correlation between the moves in the common and the preferreds.  ORH.A only traded a few thousand shares this week, and nearly all of that volume was on Tuesday.  The big jump for ORH.A was on Wednesday on less than 1,000 shares. 

 

I own a little ORH.A and don't think about the price much at all.  I'll just take the 11% yield and wait for them to get called, or bought back.  It's kind of like a bond I fully expect to hold to maturity.

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Crip, aren't these moves too short term to be meaningful? Besides, the pfds should trade purely as a function of interest rates whereas the common trade as a function of the mood of Mr Market.

 

If you still want a reason, I would speculate that the ORH pfds are looking cheap relative to the bank pfds and are simply playing catch up.

 

Guess I now make full member! :D

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