Funnily enough, the aforementioned and C N are not just isolated cases. However, the more we write about them, the more their holders laugh at us, because if not redeemed, these are probably among the best preferred stocks around.Taking the opposite approach, I wrote about DDT Dillard’s Capital Trust I, 7.50% Capital Securities (NYSE: DDS) when it was trading near par value and the risks associated with a call were relatively low. They may eventually join the brotherhood of overvalued trust preferred stocks.
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