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Below are some press releases from company’s with preferred stock or baby bonds outstanding–or just news of general interest. Golar closes acquisition of New Fortress Energy stake in FLNG Hilli Progressive Reports February 2023 Results Ready Capital Co…

So today we had a dovish producer price index which was on top of the softer consumer price index–of course this is excellent news for us all. With the most recent data the hawkishness of the Fed is no doubt going to be softened this month–but does t…

What has historically been one of my favorite commercial mREITs, Arbor Realty Trust (ABR), has had a blistering (and very poorly written) report published by a purported short seller. For those reading the various comment sections on this site you alre…

Below are some press releases from company’s with preferred stock or baby bonds outstanding–or just news of general interest. I am out of the office and won’t have any headlines tonight.

Of course we won’t know the actual happenings of the FOMC meeting next week until the future, but at a minimum we will have a Jay Powell news conference next Wednesday at 1:30 p.m. (central) to provide some entertainment of sorts. Of course todays CPI…

Just scanning the banking issues I see they are bouncing relatively sharply this morning–up 10% to 20%, but of course it is likely an overreaction, just like the selloffs of the last couple of days were overreactions. Yesterday we saw a relatively sha…

Below are some press releases from company’s with preferred stock or baby bonds outstanding–or just news of general interest. UMH PROPERTIES, INC. ENTERS INTO NEW REVOLVING CREDIT AGREEMENT Synchronoss Technologies Confirms Receipt of Non-Binding Propo…

So we have got nice bounces in some of the banking preferreds off their lows–i.e. First Republic (FRC) and Customers Bank (CUBI). As I mentioned earlier the ‘brave’ step in and buy and reap the benefits. From the comments section I see we had some ‘br…

My Customers Bank (CUBI) preferred and debt are being annihilated – an understatement. And in spite of plunging interest rates almost all issues are losers. At these levels I will hold – as mentioned they are modest positions (but painful just the same…

FRC needs to be watched – their preferred issues are trading around $10 premarket – some under $10. Are these a buy? Of course they are non-cumulative so a suspension hurts. I will be watching closely to see if a small nibble is in order. NOT a recomme…

Well here we go – a wild week is upon with lots and lots of banking news. The S&P500 fell by a healthy 4.5% with most of the losses coming on Thursday and Friday. Volume on Friday was relatively huge, which will likely be seen again tomorrow. Inter…

8:30 p.m. Central Sunday Evening It is too early to know how markets will trade tomorrow, except we all know that this is one of those times we could see huge swings–up and down. Easily we could move in a 1000 point range on the DJIA. We can be certai…