CCS.PR.C : An Attractive Speculation?

Assiduous Readers Kaspu and madequota have been watching CCS.PR.C very carefully recently – see the comments to February 1, the comments to the January Index Rebalancing and the comments to February 4.

My contribution will be mainly the note that a reasonable comparator to CCS.PR.C is FTS.PR.F:

CCS.PR.C / FTS.PR.F
Comparison
Issue CCS.PR.C FTS.PR.F
Dividend  1.25 1.225 
Redemption
Period
Begins		  2012-6-30 2011-12-1
Initial
Redemption
Price		  $26.00  $26.00
DBRS
Rating		 Pfd-3   Pfd-3(high)
S&P
Rating		 P-2(low)   P-2

I will also note that Co-Operators’ financial statements are available at SEDAR (remember the hyphen when searching!) 

And a graph of a graph of their YTWs since CCS.PR.C’s first day of trading and the differences thereof. Fortis was upgraded a notch by S&P during the period.

The comparison may not be GREAT, but I think it’s PRETTY GOOD. And the graphs are amazing.

 

This entry was posted on Tuesday, February 5th, 2008 at 5:46 pm and is filed under Issue Comments, Reader Initiated Comments. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

4 Responses to “CCS.PR.C : An Attractive Speculation?”

  1. kaspu says:
    February 5, 2008 at 8:05 pm

    sigh….so much for accumulating positions…

  2. jiHymas says:
    February 5, 2008 at 9:24 pm

    Sorry about that kaspu – I thought that if you were talking about it, you were finished!

    Don’t worry about it though. There are still some market professionals who are not Assiduous Readers.

  3. madequota says:
    February 6, 2008 at 9:46 am

    Kaspu, don’t worry about it . . . the RBC guy will see the uptick and probably see it as a shorting opportunity! . . . madequota

  4. PrefBlog » Blog Archive » CCS.PR.C To Be Added to TSX Quantum says:
    February 11, 2008 at 6:39 pm

    […] CCS.PR.C was discussed recently on PrefBlog. […]

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