March PrefLetter Released!

The March, 2020, edition of PrefLetter has been released and is now available for purchase as the “Previous edition”. Those who subscribe for a full year receive the “Previous edition” as a bonus.

Markets were chaotic on Friday due largely to the Bank of Canada unscheduled rate cut of 50bp; this helped to degrade the quality of the closing quotes supplied by the Toronto Stock Exchange and made it difficult to select issues for recommendation at meaningful prices. Markets will most likely be chaotic on Monday due to the Fed’s Sunday rate cut of a full point, making it difficult for clients to take advantage of recommendations even if I did sort things out correctly with respect to Friday’s prices. Therefore, there will be a supplementary edition of PrefLetter prepared next weekend, which will be delivered free of charge to everybody who receives the regular March edition.

PrefLetter may now be purchased by all Canadian residents.

Until further notice, the “Previous Edition” will refer to the March, 2020, issue, while the “Next Edition” will be the April, 2020, issue, scheduled to be prepared as of the close April 10, 2020, and eMailed to subscribers prior to market-opening on April 13. Note that for these purposes the supplementary edition of next week will be ignored:

  • Clients ordering the ‘Previous Edition’ prior to publication of the supplementary March edition will receive the March edition immediately and be sent the supplementary edition separately
  • Clients ordering the ‘Previous Edition’ following publication of the supplement will receive both publications as a single PDF
  • Clients ordering the ‘Next Edition’ at any time prior to publication of the April edition will receive the April edition only; they will not receive the supplement

PrefLetter is intended for long term investors seeking issues to buy-and-hold. At least one recommendation from each of the major preferred share sectors is included and discussed.

Note: My verbosity has grown by such leaps and bounds that it is no longer possible to deliver PrefLetter as an eMail attachment – it’s just too big for my software! Instead, I have sent passwords – click on the link in your eMail and your copy will download.

Note: The PrefLetter website has a Subscriber Download Feature. If you have not received your copy, try it!

Note: PrefLetter eMails sometimes runs afoul of spam filters. If you have not received your copy within fifteen minutes of a release notice such as this one, please double check your (company’s) spam filtering policy and your spam repository – there are some hints in the post Sympatico Spam Filters out of Control. If it’s not there, contact me and I’ll get you your copy … somehow!

Note: There have been scattered complaints regarding inability to open PrefLetter in Acrobat Reader, despite my practice of including myself on the subscription list and immediately checking the copy received. I have had the occasional difficulty reading US Government documents, which I was able to resolve by downloading and installing the latest version of Adobe Reader. Also, note that so far, all complaints have been from users of Yahoo Mail. Try saving it to disk first, before attempting to open it.

Note: There have been other scattered complaints that double-clicking on the links in the “PrefLetter Download” email results in a message that the password has already been used. I have been able to reproduce this problem in my own eMail software … the problem is double-clicking. What happens is the first click opens the link and the second click finds that the password has already been used and refuses to work properly. So the moral of the story is: Don’t be a dick! Single Click!

Note: Assiduous Reader DG informs me:

In case you have any other Apple users: you need to install a free App from the apple store called “FileApp”. It comes with it’s own tutorial and allows you to download and save a PDF file.

However, Assiduous Reader Adrian informs me in the comments to the January 2015 release:

Some nitpicking for DG:
FileApp costs $1.19 in the Apple Store.

But Adrian2 now advises:

Well, as of now, FileApp is free (again?).

2 Responses to “March PrefLetter Released!”

  1. bill2009 says:

    James: I was really excited to find that page 11 o the prefletter offered performance numbers through *November 2020*. What a service I thought – analysis *and* clairvoyance!

    Sadly the table really only goes to the end of Feb. For one brief shining moment though…

  2. prefQC says:

    Thanks James for deciding to prepare a supplemental PrefLetter for next week. Indeed, as you predicted, much of this morning’s PrefLetter is already badly out of date following today’s carnage.

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