I bought the ABRpE preferred last year and watched it go down. I did my best middle school level due diligence on ABR and  felt it was a sound company. I actually added to the preferred. The preferred has tanked along with the common. My guess is that it is just an example of throwing out the baby with the bathwater with the current bank mess. I think the market in general has been waiting for an excuse to take a final leg down in what is still a bear market. Once the preferred stops falling and appreciates a little I will probably add.

 

patterj