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Message Boards Settings CBL & Assoc. Properties (CBL) - Quote Info
CBL Preferred - Opportunity Staring You in the Face!     30-Oct-09 06:41 pm    
I know I've brought this up before, but if your looking for an excellent 10.5% to 11% rock solid investment in a REIT - consider CBL Prefereds (C or D). It would be worth your time to go on QuantunOnline.Com, and download the prospectus of either one of those issues.
Couple of interesting facts:
1) Preferred's get paid, even if the Common shares do not get a dividend;
2) Preferred's get paid even if CBL doesn't make a profit! (It's in the prospectus!)
3) Total cost to CBL to cover Preferred Dividends is $21,000,000 per year. (Not much $$ for a company that has FFO of $150-200 Million/Yr!)
4) Dividends are "Cumulative" which mean, unlike the Common Shares," in the unlikely event that CBL can't pay, the liability for those shares accululates, and must be paid before Common can be paid!

I don't know how long the CBL-C or CBL-D will stay in the 10% + range, but if your looking for stable income, this is your opportunity!


Sentiment : Strong Buy
Rating :
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chazooks

64/Male
Tennessee


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  Subject Author Rating Time of Post (ET)  
 
CBL Preferred - Opportunity Staring You in the Face!
chazooks (1 Rating) 30-Oct-09 06:41 pm  
 
Thanks, Looks like the C trades more often than th...
davidbdc200... Rate it 31-Oct-09 07:32 am  
 
I've made more money in CBL pfds than anythin...
tennvol_307... Rate it 31-Oct-09 07:55 am  
 
When examining the pfds, I look at the f...
tennvol_307... Rate it 31-Oct-09 08:02 am  
 
One dilution was enough IMO. I s...
davidbdc200... Rate it 31-Oct-09 02:36 pm  
 
Actually the payout for the Pfds is even...
chazooks Rate it 31-Oct-09 01:03 pm  
 
The financial paradigm has changed....
tennvol_307... Rate it 1-Nov-09 06:17 pm  
 
TennVol...Would you agree some...
hucktwain Rate it 2-Nov-09 02:37 pm  
 
The going concern sustain...
tennvol_307... Rate it 2-Nov-09 04:31 pm  
 
You're right...preferreds pay about...
tennvol_307... Rate it 4-Nov-09 07:49 am  
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CBL & Associates Properties Inc. (CBL)

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