FRC needs to be watched – their preferred issues are trading around $10 premarket – some under $10.
Are these a buy? Of course they are non-cumulative so a suspension hurts.
I will be watching closely to see if a small nibble is in order. NOT a recommendation that ANYONE listen to what I do. I simply think the risk/reward at $10/share is coming into an attractive range–with the Fed backstop in place.