NoWay
It's time to play the game
"Consigli" dall'amico Hunter...
The were a couple of noteworthy items in the income investing arena this past week. 1st off it was announced late Friday that REIT Campus Crest (ticker:CCG)is to be acquired. Campus Crest has a preferred issue outstanding that currently has dividends suspended. Our understanding is that the issue will be REDEEMED in early 2016. Shares are now trading around $24 and should be redeemed in the $27 area. There may be a small opportunity for a gain of 5-6% in 4 months here.
Little Energy company FX Energy (ticker:FXCN) is being bought and has a convertible preferred that is being redeemed at $25 if the deal closes. Shares were trading at $19 last Monday but jumped to around $24--a nice speculative profit. We don't follow convertible issues--also we don't speculate.
The were a couple of noteworthy items in the income investing arena this past week. 1st off it was announced late Friday that REIT Campus Crest (ticker:CCG)is to be acquired. Campus Crest has a preferred issue outstanding that currently has dividends suspended. Our understanding is that the issue will be REDEEMED in early 2016. Shares are now trading around $24 and should be redeemed in the $27 area. There may be a small opportunity for a gain of 5-6% in 4 months here.
Little Energy company FX Energy (ticker:FXCN) is being bought and has a convertible preferred that is being redeemed at $25 if the deal closes. Shares were trading at $19 last Monday but jumped to around $24--a nice speculative profit. We don't follow convertible issues--also we don't speculate.