OK, so now that Weston has been downgraded by S&P (with DBRS still considering the possibility) and now that the shares have started to get hit, I thought it would be fun to look at some comparables:
| Pfd-3 [high/-/low] (DBRS) Fixed-Rate Perpetuals |
| Issue |
DBRS Rating |
S&P Rating |
Coupon |
Quote, 5/3 |
Pre-tax bid-YTW |
YTW Mod Dur |
YTW Pseudo-Convexity |
| FAL.PR.H |
Pfd-3 (high) |
P-2(low) |
1.625 |
25.61-63 |
4.58% |
0.95 |
-4.82 |
| LB.PR.E |
Pfd-3 |
P-3(high) |
1.3125 |
25.25-33 |
5.22% |
5.23 |
-59.93 |
| FTS.PR.F |
Pfd-3 (high) |
P-2(low) Watch Positive |
1.225 |
25.43-51 |
4.63% |
7.07 |
-1.93 |
| LB.PR.D |
Pfd-3 |
P-3(high) |
1.50 |
26.11-19 |
4.91% |
1.60 |
-547.3 |
| WN.PR.A |
Pfd-2 (low) CW-Negative |
P-3(high) |
1.45 |
25.30-44 |
5.71% |
3.29 |
-67.2 |
| WN.PR.C |
Pfd-2 (low) CW-Negative |
P-3(high) |
1.30 |
24.91-00 |
5.27% |
15.00 |
-30.26 |
| WN.PR.D |
Pfd-2 (low) CW-Negative |
P-3(high) |
1.30 |
24.70-07 |
5.32% |
14.92 |
-9.99 |
| WN.PR.E |
Pfd-2 (low) CW-Negative |
P-3(high) |
1.1875 |
24.25-44 |
4.94% |
15.57 |
1.15 |
Not many comparables, eh?
This entry was posted on Thursday, May 3rd, 2007 at 11:51 pm and is filed under Issue Comments. You can follow any responses to this entry through the RSS 2.0 feed.
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Weston Comparables
OK, so now that Weston has been downgraded by S&P (with DBRS still considering the possibility) and now that the shares have started to get hit, I thought it would be fun to look at some comparables:
Not many comparables, eh?
This entry was posted on Thursday, May 3rd, 2007 at 11:51 pm and is filed under Issue 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.