Wells Fargo's Troubles Create Buying Opportunity

As investors, we are always searching for a stable and attractive yield without taking excessive risk. Currently, we seek opportunities that can provide an attractive return even as the Fed may raise short-term rates by a modest 25 basis points this December. One of the securities we favor is the $1,000 par value Wells Fargo & Co. 7.50% Convertible Preferred Stock (WFC-L).