PowerShares Financial Preferred (ETF) (AMEX:PGF)

irishred1 (65.99) Submitted: 5/20/2012 1:34:51 PM : Start Price: $17.03 PGF Score: +1.86

a basket of high-quality financial preferred shares

eschnack (40.93) Submitted: 9/22/2011 1:04:08 PM : Start Price: $15.22 PGF Score: -1.34

Monthly dividends make this a good source of revenue. Still paid dividends during 2008 market disruption. I am concerned a bit about exposure to PIIGS but so far so good.

contradog (99.36) Submitted: 6/18/2011 4:05:18 PM : Start Price: $16.63 PGF Score: -1.49

too heavy in European bank preferreds

jankovich (92.59) Submitted: 5/10/2011 11:13:50 AM : Start Price: $17.03 PGF Score: +5.81

LOW VOLATILITY, WITH RELATIVE RISK. GOOD DIVIDEND.

busterbuddy (32.32) Submitted: 3/20/2011 12:00:19 PM : Start Price: $16.59 PGF Score: +3.94

This ETF is made up of large money center banks preferred stock. The dividends are sound and protected by the FED. Provide excellent cash follow above 7%.

sbukosky (< 20) Submitted: 9/13/2010 3:19:02 PM : Start Price: $16.12 PGF Score: -8.14

Beats me but they have a good dividend.

HunNemo (66.65) Submitted: 7/21/2010 5:59:22 PM : Start Price: $14.87 PGF Score: -3.56

preferred shareholders get their money. (BravoBevo)

jdmballm (78.65) Submitted: 12/21/2009 8:59:27 PM : Start Price: $13.67 PGF Score: +10.38

Great income investment. Look to other equities for more upside...this provides a good "core" investment.

bartleyrc (80.98) Submitted: 10/26/2009 5:04:42 PM : Start Price: $13.02 PGF Score: +11.72

..riding on the coat-tails of UltraLong's pitch about preferred shareholders getting paid first (which is quite true), even though my timing stinks, I still think I'll beat the S&P on this play.

TMFUltraLong (99.98) Submitted: 8/22/2009 4:00:02 AM : Start Price: $4.02 PGF Score: +240.22

Bondholders and preferred share owners are always going to get their dough while the common shareholder gets absolutely nothing, gosh I love America. I'll expect over 300 outperformance points out of this by 2012.

UltraLong

gmXmkttiming (28.27) Submitted: 5/7/2009 12:52:19 PM : Start Price: $9.97 PGF Score: -30.82

Fading every pick made by Ultralong

XMFRyguy (84.77) Submitted: 4/29/2009 3:46:07 PM : Start Price: $8.89 PGF Score: +44.65

Bettin' on a rebound

ir4getful (80.36) Submitted: 2/5/2009 10:23:18 AM : Start Price: $6.92 PGF Score: +91.31

This is more in tune with my declared investment strategy of seeking picks delivering good income with high probability of eventual appreciation (see Blog). This is an ETF very specific to Financials Preferred stock. Div. yield is in the 14% range and it is sufficiently diversified across institutions that eventual defaults by one or even several are already baked into the price, and then some. I believe this to be the best way to play the financial sector until it becomes safe to buy common equity once again. When the sector recovers, the heavily discounted Pref/Debt obligations will rebound first, followed by common. And you get paid well while you wait (which could be quite awhile).

PlanToWin (22.20) Submitted: 10/5/2008 4:55:23 PM : Start Price: $9.81 PGF Score: +52.96

Now that the $700B bailout package has passed Congress and has been signed into law by the President, the likelihood of financial firms defaulting on their preferred shares has decreased significantly. In addition, I believe that the worst of the defaults and failures have passed. Finally, the holdings of this ETF are pretty diverse and dominated by the emerging winners in the space (Bank of America, CitiGroup and JP Morgan Chase.