Strategy STRC Valuation Sparks Debate as Analyst Sees 13% Upside Despite 14% Yield

Strategy's STRC preferred shares offer a 14% yield. Credit analyst Michael Oei, who spent 25 years at Goldman Sachs, warns this figure is misleading. He says calculating STRC value by dividing its 12% dividend by the market price is flawed, as the method assumes indefinite dividend payments despite no maturity date.