We have noted some folks always looking for new lows on preferred shares so we have taken that as a signal to present a new page that may (or may not) be helpful to some folks.
The page does a real time sort (each time you load the page it sorts) of all $25 preferred shares that are at or near a new 52 week low.
This is NOT a new low list as it will NOT SHOW an issue that drops to a new low and then immediately bounces higher. It will show all issues that are within 1% of their 52 week low. The 1% is an arbitrary number chosen by me–I could change it to 2 or 3%, but it seems 1% gives the best results for investor that are interested in potential bargains right near new lows.
Today the list is composed of many of the banking pure floating rate issues, some of the CHS issues that have been knocked down lately on news, and troubled issues like those from AmTrust Financial and Maiden Holdings. It also shows issues like Ashford Hospitality and Capital One–maybe they are bargains.
We present this page for those that may want to have such information, but for those who don’t find it of use simply ignore it. We have found that if we presented data in 100 different ways someone would have a use for it while 95% of folks don’t give a damn.
Right now there are 105 issues near 52 week lows.
We will add a link on the Preferred Stock Index page for this list.