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Well saying this is a market ‘tumble’ is really a stretch–but I have hoped for lower equity prices for a long time, so I take what little the market gives me. I would be happy seeing the DJIA down a few thousand points – but alas I doubt that will hap…

I just wanted to note a few issues I have bought lately. These, of course, are not recommendations, as I don’t make recommendations because only you can determine your risk tolerance. Off of my watchlist I have started buying preferred shares of Americ…

Just a few items of note. As some have noted–Textainer Group Holdings 7% reset preferred (TGH-A) is transitioning today to the NYSE from the OTC grey market. As such you may be having ticker issues. They will resolve tonight I think–my eTrade shows 0…

Once again the S&P500 rose–as it does most every week, as money sloshes all around the globe. The index rose 1.4% last week. The 10 year treasury continued to drift lower even as inflation gauges run hot and various other economic measures, such a…

Small eye health company Harrow Health Inc (HROW) has priced the previously announced baby bond issue. The company has priced 2 million shares (bonds) with a fixed rate coupon of 8.625%. There are 200,000 shares for over allotment. This issue has a mat…

This morning retail sales for March were released with the official number showing sales ripping higher by 9.8% against a forecast of 6.1%. New unemployment claims fell all the way from 710,000 last week to a stunning 576,000 this week. The Philly Fed…

Harrow Health Inc. (HROW) is offering a new issue of baby bonds (senior notes). The notes will have a maturity in April 2026 and an early redemption period starting in February, 2026 (yes just a few months apart). The company can redeem the bonds at an…

It’s sickening (at least to me) to watch how we are keeping our ‘printing presses’ so well oiled up. It is obvious that the Fed Chair believes that keeping the presses running full steam ahead is how to keep the economy afloat–and he may be right. Mod…

As mentioned by LarryL insurer PartnerRE (not traded) has called 3 issues of preferred stock today. The company, which is now a non-public company, has called their PRE-G 6.50% issue, the PRE-H 7.25% issue and the PRE-I 5.875% issue. Calls are effectiv…

Drug royalty company XOMA Corporation (XOMA) has priced a new preferred. The coupon is 8.375% and it is cumulative. I have defined the dividend as ‘variable’ because earnings are ‘lumpy’ and there may be some dividends that are return of capital. The i…

Well we saw very hot inflation numbers coming from the Producer Price Index (PPI), but markets tend to overlook the PPI and focus on the Consume Price Index (CPI) which will be released tomorrow. You can see that January had a month over month increase…

The OTC grey market ticker for the new KKR Real Estate Finance preferred (KREF) has just been announced. The ticker will be KREFP. I don’t see this issue trading yet on Fidelity or eTrade. It is likely I will take a position for a short term hold