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I see MarketWatch has a headline of “Panic Selling Reached in the Stock Market”. Markets are off less than 2%–not sure any of us that were invested on Black Monday, 1987 would call the current fall a panic. I am watching preferreds and baby bonds clos…

Common stocks are slipping by about 1% today as the corona virus takes it’s toll. I think VinL hit the nail on the head in some comments that it is really about uncertainty in China as their information may well be less than transparent and of course s…

Last night and early today I thought “it looks like a down day” in stocks (based on futures and early trading)–I think all of this was related to the corona virus, although maybe it was a delayed reaction to the FOMC not giving common stock traders an…

We still have a little confusion on posting of comments on the website. Any commentor can start a new thread on any page/post by going all the way to the bottom of the page. Sometimes that is a long way down (i.e. Sand Box Page, Reader Alerts etc) but…

The coupon is 5.50% and the expected rating by Fitch is BB- (speculative), but regardless investors are jumping all over this new issue from Dime Community Bancshares (DCOM) as it opened for trading around $25.40–and now is at $25.45. This just goes t…

Dime Community Bancshares (DCOM) has priced their previously announced preferred shares. When I saw this coupon I thought I must be having a bad dream–actually I said “holy shxx”. 5.5% on a small community banker with a junky BB- Fitch rating. Well I…

Brooklyn based community banker Dime Community Bancshares (DCOM) will be selling a new issue of non-cumulative perpetual preferred shares. The issue will NOT be investment grade. DCOM is a relatively small banking company with total assets of just $6.3…

I have added a new topic in the right hand side menu for “Sock Drawer” discussion. The intent it to include items that all of us consider “sock drawer” holdings. My definition of “sock drawer” is those issues I own that I consider extremely safe and th…

The previously announced preferred stock issue from Capital One Financial Corp (COF). The non-cumulative issue will carry a coupon of 4.80%. The issue is split investment grade with only Moodys rating the issue as low investment grade. The issue will t…

Capital One Financial (COF) will be selling a new issue of perpetual, non-cumulative preferred stock. The issue will trade under the permanent ticker symbol of COF-J when it begins to trade on the NYSE. The issue is likely to be split rated–investment…

It looks like the initial selling in common stocks has ended and shares are moving slowly higher. I would think they are in a ‘wait and see’ period. Of course this wait and see could last just hours–or days. Uncertainty will last for a while–no doubt…

Finally we see a week where stocks ended on a down note. Monday was a holiday and Tuesday, Wednesday and Thursday were fairly flat–as the S&P500 opened the week at 3321 and closed Thursday at 3326. Friday came and shares took a tumble closing the…