|DON'T BUY||$2.150||CONTRARIAN||CONTRARIAN INVESTING||No|
There is a huge amount of debt at the company. The ‘B’ preferreds were trading at 8% but there is a lot of risk. He would be very wary of anything they say. He was glad he got out because he was afraid of what was going on with the ‘C’ series. They have constant bailouts. The preferreds are reasonably secured.
President, Contra the Heard Investment Letter