AFFS - AmTrust Preferreds About To Pop

It has now been seven months since AmTrust decided to delist all six series of their preferred stock. Conversation about these securities, while active and impassioned for the first few months after the delisting, has more or less died down in the last several months. I believe the preferreds, currently trading in the range of $14 to $15, are on the verge of a significant move upward, but before we get to that let’s try to understand what happened, what the market’s reaction was, what the arguments for and against suspending the dividends were and

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