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Home / Columnists / Berko / BERKO: ETP-D and the difference between preferred stock and common stock (access required)

BERKO: ETP-D and the difference between preferred stock and common stock (access required)

Dear Mr. Berko: My stockbroker wants me to invest $10,000 by buying 400 shares of Energy Transfer Partners' 7.625 percent low-rated preferred stock, which sells for $25.33 a share. I can afford the risks of low-rated issues, and the income, which is my prime goal, looks very good. But I've never owned a preferred stock, ...

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