A Distressed Stretch: Buy This Double Digit Yielding Strategy Preferred With Recovery To Par (Upgrade)

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Strategy's preferred stock offers a 12.9% yield at $89, with a likely reset to 13.5% and strong asset coverage. STRC's price dislocation is driven by forced selling and options market dynamics, not deteriorating fundamentals or Bitcoin weakness. Strategy is incentivized to defend STRC's par value via dividend increases, supported by a 3.1x BTC rating and $54.5B in assets.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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