CIT Group Preferred Shares
August 25th, 2009
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CIT Group (NYSE: CIT) is such an interesting stock. It nearly went bankrupt less than a month ago and though, it’s not out of the woods yet, it offers an interesting opportunity. Yesterday, I bought CIT Preferred A shares around $2.30. I would much rather buy the preferred shares than the common stock because if the company does go under [...]
