The preferred C’s and D’s are trading at $0.27 to $0.32 at present. As I detailed earlier, they have par values of $25 and yields that will payout cumulatively a lot of money. Roughly $0.42 per share per quarter, and the share price is less than that.
So, now, this opportunity has gone from a 20-bagger to a 100-bagger. $10,000 translates to a million, a cool million.
December 1, 2012 is the D-Day so to speak. I thought we’d know by now frankly, and the entire situation is retarded… and frankly this thing could keep being postponed for another year after that… fine by me… as it gives me more time to buy more.. The daily trading volume on all of the share classes is less than $10,000 for a company that makes $1,000,000 a day after all expenses (CASH MONEY).
So, hilarious, completely ridiculous, purposely misunderstood, purposely not looked at, avoided, and discarded is this opportunity. It’s in the trash bin and there aren’t enough people digging around in the garbage right now… because this is just stupid cheap and the company isn’t just going to disappear… as many would have you believe.
Cheers to those who take advantage of misunderstood opportunity, for I will be your ally.
PS: Cool tip is that it is my understanding that when the a’s and b’s are converted, this triggers a C’s and D’s dividend payment… which is presently greater than the stock price. Only a global deal would prevent this, so while we wait for the company to negotiate, it just sits there and stacks up cash like nobody’s business. $400M by EOY
http://www.glenbradford.com/files/Stocks/YLO.xls
Might as well wait.