Stockchase Opinions

Steve DiGregorio Industrial Alliance Ins. and Finc. Services (Pref.) IAG.PR.A-T BUY Jun 20, 2018

He's perplexed that it's trading so cheaply now (same goes with Manulife and Sunlife). He'd buy into this space now. His only worry is that maybe interest rates aren't rising as much as we think. Good value here.

$21.760

Stock price when the opinion was issued

insurance
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COMMENT
Generally speaking, you do not buy preferreds for growth; you buy it for the income. Tend to have $25 par value. Dividend is secure.