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I watched the downdraft in common stocks today and wondered to myself when the traders would run shares back higher—I waited all day and it didn’t happen–oh well I own no common shares of any sort right now so it wasn’t of consequence. Reviewing the…

Of course we have investors of all types on the website, but as I was “shopping” for myself last night I came across an interesting baby bonds that really fits in my wheelhouse. Ready Capital (NYSE:RC), a mortgage REIT, has a baby bond outstanding whic…

Correction–as Citadel points out they have not actually called for redemption of the old 8% issue as of this time. The registration statement states they intend to redeem all of the JMPB issue. Securities dealer JMP Group LLC (NASDAQ:JMP) will be sell…

Again one of our holdings is being redeemed. BDC Gladstone Capital Corp (NASDAQ:GLAD) announced the intention to redeem their 6% term preferred effective 10/2/2019. Fortunately this call only cost investors a few pennies as the issues was already tradi…

I have been away for a couple of days and kind of out of touch with markets, but have to get back in the “swing of things” today or at least by tonight. Interest rates have remained pretty tame for the last 3 days–it is hard to imagine them moving hig…

The SP500 moved in a range last week of 2825 to 2943, closing at 2889–moving in a 4% range throughout the week is still plenty of movement and I think portends another somewhat wild week ahead for equities. Whether the moves are up or down is the ques…

It never ends of course, but it is likely next week you will see some minor changes in the website. This will be things like font sizes etc.–nothing in terms of function. Additionally I asked Chad to give us some options for commenting–I know that yo…

Looking at the bounce in equities today makes me wonder if this rally is here to stay–or do we get another plunge next week? Right now I am mostly watching and waiting–I’m waiting to see how many high quality low coupon preferreds will be redeemed–I…

While we have seen wild recession fears the last couple of days this morning the U.S data releases have been strong. This morning retail sales were released at up .7%—against a forecast of up.3%. Taking out autos sales were up 1% against a .2% foreca…

Wow–there is a rush to ‘safety’ today. Some folks think U.S. Treasuries are safety as the 10 year has plunged down to 1.58% at this moment. Others think that buying gold is safety as the yellow metal has spiked up by $19/ounce. For me it is sit and wa…

UPDATED OTC TICKER Bob in Thailand points out that the OTC ticker has been released as BKOYF. Brookfield Property Partners LP (NASDAQ:BPY) has priced their new offering of preferred units. The new units will have a fixed coupon of 6.375%. They have sol…

Chicken Soup for the Soul Entertainment (NASDAQ:CSSE) has posted a new investor presentation. The company has one of the highest couponed preferred stock currently outstanding. CSSEP has a coupon of 9.75% and pays monthly. You can see it here. The pres…