GST

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dan_s
Posts: 37020
Joined: Fri Apr 23, 2010 8:22 am

GST

Post by dan_s »

For those of you seeking High Yield.

GST_PA is a "Screaming Buy" under $22. It pays dividends monthly with annual yield over 9.8%.

The Series A pfd dipped this week because of the new issue of Series B pfd with an interest rate of 10.75%. They only issued 2 million shares of Series B, so I don't think it will trade below par of $25 (if in fact it does trade). Series A sits in front of Series B on liquidation rights, so it has less risk.

Regardless, this is a great interest rate on a rock solid pfd stock.

Series A is callable at $25.
Dan Steffens
Energy Prospectus Group
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