Dec. 16 at 5:24 PM
$STRF Why would anyone own the preferred that yields about 9.10%??? Converts bonds (higher in cap structure) yield about 8%. In order to breakeven in STRF, you’d need 10+ years of dividends!! If you consider where risk free rates are, you’d need close to 20 years to breakeven. Owning STRF (and any of the MSTR preferreds) is like picking up Pennie’s in front of a steam roller. Plus, Saylor is gonna continue to sell STRF especially when north of
$100.
