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Each time we have a number of pieces of economic data released in a day we seem to have contradictory information. This morning the number of Job Openings announced in the JOLTs report came in at 7.44 million–way below forecast which was 7.99 million…

Today business development company Capital Southwest (CSWC) released their earnings and as I have come to expect their performance remained pretty darned good. I have a meaningful position in the company’s 7.75% baby bonds (CSWCZ) which I bought when t…

Below are press releases from company’s with preferred stock and/or baby bonds outstanding–or just news of general interest.  Capital Southwest Announces Financial Results for Second Fiscal Quarter Ended September 30, 2024, Declares Regular Dividend of…

General Observations Well we finally had a bit of a down week in equities with the S&P500 down for the week by right around 1%–down 56 points. This is the 1st time in weeks that we have seen equities fall. Of course this was extremely minor and th…

Below are press releases from company’s with preferred stock and/or baby bonds outstanding–or just news of general interest.  Federal Home Loan Bank of Atlanta Announces Third Quarter 2024 Operating Highlights and Declares Dividend Valley National Banc…

Once again yesterday I chose to do a bit more selling of positions and added to one position. I sold the following positions—2 were ‘trims’, but I sold the entire GAMCO position. Affiliated Managers 5.875% baby bonds (MGR). The price was $24.96. Ente…

Below are press releases from company’s with preferred stock and/or baby bonds outstanding–or just news of general interest. Stifel Reports Third Quarter 2024 Results FAT Brands to Announce Third Quarter 2024 Financial Results On October 30, 2024 Raymo…

As I mentioned previously on Monday I lightened up on a number of preferreds and baby bonds that I held–primarily higher quality issues. I did not sell the entirety of any holding. Those I sold are— Tricontinental $2.50 (5%) perpetual (TY-) Rivernor…

I have switched the comments off on the article from yesterday. Commenters were on the edge of politics–honestly not terrible but on the verge (of course everyone has an opinion on what is/isn’t politics). Today is a new day and let’s stick with inves…

Below are press releases from company’s with preferred stock and/or baby bonds outstanding–or just news of general interest.  Abacus Life Provides Preliminary Third Quarter 2024 Results Teekay Group to Announce Third Quarter 2024 Earnings Results…

The Atlanta Fed GDPNow model is currently showing Q3 estimate of GDP at 3.4%–certainly higher than most economist are forecasting. Of course the forecasting is just ‘guestimating’ a number and we can all do that with about as good of accuracy as most…

Below are press releases from company’s with preferred stock and/or baby bonds outstanding–or just news of general interest. Wintrust Financial Corporation Reports Third Quarter and Year-to-Date Results CNB Financial Corporation Reports Third Quarter 2…