Stockchase Opinions

Michael Sprung Industrial Alliance Ins. and Finc. Services (Pref.) IAG.PR.A-T COMMENT Apr 27, 2007

Generally speaking, you do not buy preferreds for growth; you buy it for the income. Tend to have $25 par value. Dividend is secure.
$24.900

Stock price when the opinion was issued

insurance
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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.