Peter Schiff has warned Strategy’s (NASDAQ:MSTR) investors that Michael Saylor has no easy way out as the stock and its preferred stocks plummet.
Peter Schiff Warns of More MSTR Stock Pain Ahead In an X post, he argued that Saylor has no viable solution as his stocks continue to slide.
In particular, he highlighted STRC, the popular preferred stock with an 11% dividend yield, which has suffered a sharp decline in recent weeks.
STRC, together with other preferred stocks like STRD, STRK, and STRF, have all plunged as investors worry about the sustainability of the dividend since Strategy’s Bitcoin holdings don’t generate any cash return.
As such, the company has three potential solutions to continue paying its dividends.
