Qurate Retail: Preferreds At 40 Cents On The Dollar, 20% Dividend Yield Are A Strong Buy

Qurate Retail's 8.0% Series A Cumulative Preferred Stock is currently trading at $40 per share, which is a 60% discount to its liquidation value. The stock offers a 20% yield on cost, making it an attractive investment opportunity. Market sentiment is expected to improve with deleveraging, increased free cash flow, and potential Fed rate cuts. The redemption obligations for this stock are due by 2031, and it is expected to trade above the recent peak with its yield potentially falling to around 12%.

Qurate Retail Group

Qurate Retail Group is dedicated to providing a more human way to shop, specializing in video commerce, which includes video-driven shopping across various platforms. The company combines shopping and entertainment to curate products, experiences, conversations, and communities. self-described as the largest player in vCommerce.

COM:QURATERETAILGROUP

Qurate Retail Group

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