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What a great way to start August with Distressed Securities: You scored big if you acted on the July 15 breaking news alert that we emailed to you. We advised the purchase of five bank preferred securities. We were looking for an average return of 60% over 24–36 months on these five issues. The prices moved so far so fast in your favor that we sent you another breaking news alert on July 24 to take your profits on four of the five issues. So instead of giving you more information on all five of the preferreds as originally planned, in this issue we will give you a quick primer on preferreds in case a similar opportunity emerges again soon and a rundown on the one bank preferred that remains a buy. Plus, we have updates on the rest of the portfolio and why we believe now is the time for distressed-securities investing to pay off in a big way. more >>
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