Does Star Equity Holdings Deserve a Place in Your Portfolio?

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STRR paid a $0.25 dividend on its 10% Series A cumulative perpetual preferred stock on June 11, 2021. The stock’s price has surged 29.4% over the past month and 30.2% over the past three months to close yesterday’s trading session at $3.79.

However, the company proposed adopting a Rights Agreement last month, subject to stockholder approval, to preserve the value of its significant U.S. net operating loss carryforwards (NOLs) and other tax benefits. STRR also sold certain operations this year. So, with the resurgence of the COVID-19 cases, STRR’s near-term prospects seem uncertain.

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