Qurate Retail: Preferreds At 40 Cents On The Dollar, 20% Dividend Yield Are A Strong Buy
Portfolio Pulse from
Qurate Retail's 8.0% Series A Cumulative Preferred Stock is being recommended as a strong buy due to its 60% discount to liquidation value and 20% yield on cost. The discount is expected to close with Qurate's deleveraging, free cash flow improvements, and potential Fed rate cuts.
November 10, 2024 | 8:30 pm
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Qurate Retail's preferred stock is trading at a significant discount, offering a 20% yield. The discount is expected to close with improved financials and potential Fed rate cuts.
The preferred stock is trading at a 60% discount to its liquidation value, offering a high yield. As Qurate Retail improves its financial position and with potential Fed rate cuts, the market sentiment is expected to improve, closing the discount.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90