Income Investing Message Board

7/3/2012 1:59:35 PM

Re: Anyone a buyer of SAN-E at 26.19ish (10.02%)

SAN is an enormous bank with a good reputation. However, they are in Spain & up until a couple of days ago, were rated CCC+. If we bought this preferred, I'd be following it constantly & life is too bloody short for that nonsense. We'll stick with investment grade holdings with lower yields. Good luck to those who are long with this one. Ron