Wall Street Ditches Common Stock Like a Bad Habit—Pivots to Preferred Shares for Easy Money
When common equity becomes harder to sell than a timeshare in a recession, you pivot. Fast.
Preferred stocks—the luxury sedans of capital raises—are having a moment as traditional share issuance hits a wall. No dilution drama, juicier yields, and investors who won’t whine about voting rights? Sold.
Bonus jab: Because nothing says ''confidence'' like restructuring your cap table to avoid retail bag-holders.