ceasterwood
$WVVIP 👀 This preferred-stock setup is interesting at these levels.
💰 Market price: ~$2.65
📊 Liquidation preference: $4.15
🔥 Current discount: ~36%
WVVIP also carries a $0.22 annual dividend. At a $2.65 purchase price, that's roughly an 8.3% implied annual yield.
🚨 POTENTIAL CATALYST:
The company's current direct preferred offering is priced at $3.45/share through Sept. 30 — then jumps to $3.95 on OCT. 1.
So we're looking at:
$2.65 current market price
➡️ $3.45 current direct offering
➡️ $3.95 offering price Oct. 1
➡️ $4.15 liquidation preference
💰 + $0.22 annual dividend
And we've already seen WVVIP hit nearly $15 when volume exploded in August.
Thinly traded + sizable discount + dividend + Oct. 1 pricing change = definitely on my watchlist. 👀🔥
NFA. Do your own DD.
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