New CHS Preferred to Trade Tomorrow on the OTC

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We wrote a bit on this new issue yesterday. We will be purchasing positions in both the 2014 and 2015 Models (and personal accounts), even though it is a perpetual preferred.  If we are going to buy a perpetual preferred this is a dandy to buy.  We believe one should be able to buy near par if patient and bought wholesale on the OTC.

The temporary ticker will be CHNPP.

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Tim McPartland

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Tim McPartland
Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
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