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Today the selling continued in most of the Ocean Ship owner segment of the preferred market.  Selling has been happening in these issues for the last month, but today some smaller investors were ‘bailing’ out at most any price.  We are not overly surpr…

While the $25 preferreds remain fairly steady–off a penny–there is plenty of action in various individual issues today. The biggest standouts are the 5 preferreds from American Homes 4 Rent – the issues went ex-dividend today.  While the shares were…

After weeks of prices tumbling we now note that stability has returned to the preferred and baby bond markets. The average share is off just 4 cents this week which, thus far, is much better than we have seen the last couple of weeks when share prices…

Reader ‘G’ and I have exchanged notes today on some incorrect price quotes on a list. After double checking it appears that Google had a bad price or two on Tsakos Energy Navigation preferreds.  Of course with a bad price for today it makes the ‘change…

Big abnormal preferred stock volume leaders (over 5 times daily average volume)  today come from Southern California Gas (SOCGP), KIMCO (KIM-M), Spirit Realty (SRC-A) and TCF Financial (TCF-D).  There has been only modest up and down movements in the s…

We have been notified by ‘Wedgehead’ that the new baby bond from Prospect Capital (NASDAQ:PSEC) should start trading today. The ticker will be PBC.  This issue has a coupon of 6.875% and a maturity date in 2029. This is an investment grade baby bond wi…

Early today reader “Bluejoseph” noted in one of the comment sections that he was able to jump in on some of the Gabelli Dividend and Income preferred shares (GDV-A or GDV-D) as he noted them tumbling on very high volume–likely a dump by a fund. “BlueJ…

We all can look at interest rates and the economy and make a reasonable guesstimate of where rates are heading–we all are about as good as the most highly educated economist.  We do this all the time as we try to formulate the type of investments we w…

Our reader “Tex” did some proof reading on the last spreadsheet we released over the weekend and found a dozen errors in pricing and/or dividends and interest on the list. We have corrected those dozen errors and since the original ‘master list’ was th…

Well last week can be described as exciting–holders of a basket of common stocks would likely describe it in more colorful terms.  For us and for other holders of lots of preferreds and baby bonds it was much less exciting as long term interest rates…

Last week we only made 1 move in personal portfolios–this is pretty normal for us–we strive to not trade much at all. We made a purchase of a position in the CHS (Cenex Harvest States) 7.10% Class B Reset Rate Preferred (NASDAQ:CHSCN).  This is in ke…

We were asked to try to present a new spreadsheet based on the ‘Master List’ that would present the data in a format similar to our “preferred stock by near new lows’.  Thus we would have a listing of over 600 issues sorted in a real time fashion that…