Subject: WFC-L and friends

Some favorite preferred stocks are looking attractive, finally.

WFC-L is back down to 1050 for a yield of 7.14%. That's only 3 quarters of dividend above par.

BAC-L down to 1055 for 6.87%.

Just heard of another, WAFDP 12.50 yielding 9.63%. Moody's investment grade, barely.

I just got a 1 month T-bill at 5.378%, tax-equivalant yield to me of 5.64%