Young people prefer issue-based politics to party politics, yet there are hardly any ideological politicians left, and those that do act out of principle or ideology are mercilessly mocked by the press.
However, five major challenges have emerged: Companies tend to prefer issues where they can objectively measure before and after performance so that they can report on it.
Archives|$15,000,000 OFFERING BY INVESTMENT CO.; Swedish-American, With Assets of $45,000,000, to Market Preferred Issue.
$15,000,000 OFFERING BY INVESTMENT CO.; Swedish-American, With Assets of $45,000,000, to Market Preferred Issue.
It agreed to take several steps to raise the price of the stock, including a plan to retire the preferred issue starting in 1995 That appears to be working: Lately, the stock has been trading in the 70's.
One area of opportunity that the company seems to have overlooked is in addressing its $345 million 6.5% convertible trust preferred issue.
GM will use proceeds from its $4 billion plus preferred stock issue to redeem the Treasurys 9 percent preferred issue as well as make a $4 billion equity contribution to its pension plans, both plus factors.
With a "cumulative" preferred issue like this one, preferred dividends are not lost if the company is temporarily unable to pay.
I am recommending that my subscribers hold on to this trust preferred issue, but be prepared for a roller-coaster ride in pricing.
They have a preferred issue, Mirant Trust I (nyse: MIR.A), that's yielding in the17% to 18% range plus it's convertible.
For Lehmann, the appeal of the Constellation preferred issue is twofold: the high yield of 4.46%, taxed at only 15%, plus the conversion feature, which produces 0.7319 shares of common stock.
