(This report was produced by Landlord Investor for the Yield Hunting marketplace service on June 18.)
After a lull in March and April, the preferred stock IPO market has come roaring back. A number of companies have issued preferreds, mainly in the banking and insurance sectors.
You may have heard of flipping IPOs in the common stock market. A similar phenomenon exists for preferreds. The idea behind IPO flipping is that IPOs are typically a little underpriced to ensure their successful debut, to make sure the underwriter doesn't get stuck with unwanted inventory, and to