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The S&P500 is down around 3.50% right now with NASDAQ being off almost 5%. The Yahoo Finance headline is “Why the Explosive Stock Market Rally is Crumbling”. What baloney that headline is–why is a 1 day move lower a cause for the use of ‘crumbling…

Qurate Retail Group (QRTEA and QRTEB) has announced that they will pay a common stock special dividend with preferred shares as well as cash. The company is the parent of retailers QVC and Zulily, as well as other retail brands. The new $100/share pref…

Financial services company B Riley (RILY) has priced their new previously announced preferred stock issue. The issue prices with a coupon of 7.375%. The issue is unrated, but cumulative and qualified. The OTC grey market ticker has NOT been announced a…

As Eugene noted in the Reader Initiated Alerts my old friend WR Berkley (WRB) is finally stepping up and doing a partial call on the WRB-B 5.625% Jr Subordinated Debentures which have been callable since 5/2018. Shares tumbled the last 3 days from the…

Financial services company B Riley (RILY) will be selling a new cumulative perpetual preferred stock issue. The company has 7 baby bond issues outstanding as well as 1 other preferred issue outstanding. The outstanding issue can be seen here. The preli…

Hard money lender Sachem Capital (SACH) priced their new issue of baby bonds. The coupon is 7.75%. The issue will trade under ticker SCCC in the next week or two. The company has 2 other lower coupon issues outstanding and you can see them here. The pr…

Once again the S&P500 moved higher last week as the index traded in a range of 3414 to 3509 closing the week at 3508–a gain on the week of around 3%. The 10 year treasury moved in a range of .62% to .75% closing the week at .73%. The Federal Reser…

These are just a few items of interest (to some) of odds and ends I have come across this week or that folks have discussed in varying comments. This morning 2whiteroses posted a notice of partial redemption on the Capital Southwest Corp (CSWC) 5.95% b…

Utility Southern California Edison (a division of Edison International EIX) has announced a call of some old preferreds with coupons ranging from a low of 4.08% to 4.78% as well as their 5.10% Trust Preferred shares–the redemption date is 9/27/2020. A…

Hard money lender REIT Sachem Capital (SACH) has announced a new issuance of baby bonds. The company generally makes shorter term loans (i.e. 12-36 months) for real estate, both commercial and residential. The average interest rate charged is around 12…

I was reviewing the large volume issues from today (large compared to normal daily volume) and I noticed an old friend of mine in the list–Gabelli Utility Trust 5.625% preferred (GUT-A) had traded just 8,700 shares–but that is 7 times normal volume….

While we are still in a recession so this isn’t really a potential ‘double dip’ are going to see the second downward push in the economy soon? For years I have watched employment and consumer confidence for clues as to where we were heading in the econ…