June Idea of the Month: Silly Little Banks
by Travis Johnson, Stock Gumshoe | June 19, 2015 5:01 am
This is premium content. To view this article (and to have full access to the rest of our articles), sign up. Already a member? Log in.
Source URL: https://www.stockgumshoe.com/2015/06/june-idea-of-the-month-silly-little-banks/
Do the PNC warrants make up for the $2/year in dividends that you won’t get?
No, just the dividend growth.
Where do you buy/sell warrants? I don’t see them on Etrade or Fidelity.
Any broker should be able to trade them, but the symbols they use vary. I think Fidelity uses WS to denote warrants, so PNC’s are PNCWS — don’t know what Etrade uses.
Got it, thanks. Etrade uses .ws. pnc.ws
Another warrant beginner question…where do I find the strike price? I can find a quote for warrants on Fidelity and Etrade…but can’t seem to find the strike price.
A few people have written about them over the years, but the only “official” source is the original IPO prospectus from when the Treasury Dept started selling their warrants into the market. I don’t think any of the finance sites keep that data with the ticker quote.
You can get the trike price by calling the company’s toll free number and asking for shareholder relations. Anyone know of any rights listings. One of the newsletters tried passing them off as the presiden’t’s private stock market.
Very clear and well presented reasons to leap into bank warrants and “mining banks”.
Have a great vacation.
I trade through OptionHouse, but for some reason, cannot buy FFMGF or GRVFF through them. Where/how does one purchase these stocks?
Have you tried again recently? These were not available on Fidelity a ways back and now suddenly they are, for whatever reason. Anyhow, might be worth checking on OptionHouse again too.
I called Option House and Apex Clearing does not handle “foreign” stocks. These are Canadian companies, so can’t be traded through Option House. (The last letter “F” in the stock symbol denotes a foreign stock per Option House.) Thanks for the tip re Fidelity — I’ll try them.
heavy trading recently. any thoughts on waiting for a pullback or jumping in at almost 50 cent Canadian?
FWIW- This shows a good return on at least one of their investments. Grenville is not the most liquid investment!
Definitely true, tiny and illiquid.
It helps to add the link to the story. http://www.streetinsider.com/dr/news.php?id=10753752