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Never stopping in the search for a little extra yield without extraordinary high risk I stumbled across an old friend ( a security I held previously for some amount of time) that may well be worth a minor position in a portfolio generally characterized…

Insurer Argo Group International Holdings (AGRO) has priced the previously announced resettable fixed rate preferred. The pricing will be 7% and when it begins to reset in about 5 years it will reset at the 5 year treasury plus a spread of 6.712%. The…

As noted by ‘Number 6’ in the reader initiated alerts cooperative giant CHS has released their earnings for the quarter ending 5/31/2020. Revenue was off again–as it has trended lower for a few years. This quarter revenues were $7.2 billion compared t…

Insurance firm Argo Group International (ARGO) will be selling an issue of Resettable Fixed Rate preferred shares. The issue will be non cumulative, but qualified. The issue will have a fixed rate until 9/15/2025 after which it will be reset at the 5 y…

On line and television content creator Chicken Soup for the Soul Entertainment (CSSE) will be selling some $25 baby bonds. ‘Yield talk’ is in the 9.5% area. The notes will matured in 2025 and will have a early redemption period starting 7/31/2020. The…

Well another sizable up day is in store in the equity markets today–with all of the futures markets up over 1%. There is so much liquidity sloshing around in the ‘system’ —so much in fact that even the Fed is adding no new money in the last 4 weeks….

As we have watched interest rates go down, down, down over the last few years it was only a matter of time before fixed-to-floating rate preferreds began to be impacted. Up until this point we have had just a few issues that were in their respective ‘f…

The new 7.25% baby bonds from BDC (business development company) Saratoga Investment (SAR) have begun trading. There was a ticker change in this issue–originally announced as SAC it has been changed to SAK. Bonds last priced at $24.82.

On this page reader/participants can post comments pointing out ERRORS AND OMISSIONS on our various lists. I think we are dealing with near 1000 pages on site at this moment (1/5/2019) and we always say we have maybe 98% good data with 2% being incorre…

Last week was a loser week for the S&P500 as it traded with a low of 3004 and a high of 3155 before closing the week near the low at 3009–down about 3% on the week. With the SP500 around 3000 the index is off 7% year to date and about 12% off of t…

The last 3 weeks we have seen common stocks move lower by over 6%–which means that at current levels the S&P500 is 11% below the 52 week high. This mover lower is something I have expected–and the way it is occurring–not in a panic, but in an or…

Markets are taking a leg lower as folks wake up a bit from the never ending ‘v recovery’ chant. I’m doing nothing really. I have been selling a bit in the last week around the edges–i.e. for some of the utility baby bond issues which I held full posit…