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Wow–normally the ADP employment report gets little respect–but today with a tremendously strong report (versus forecast) investors of all sorts are taking note. ADP claims that 497,000 new jobs were created in June–versus a forecast of 220,000. The…

Below are press releases from companys with preferred stock or baby bonds outstanding – or just of general interest. News is very light at this time, but earnings season starts in just a week. GAMCO Expects to Report Diluted EPS for the Second Quarter…

I am watching the 10 year treasury today as it is up 7 basis points to the 3.92% area. Preferreds and baby bonds are not reacting well as they are off maybe 1/3% on average (hardly a wipe out). The flip side is that it is hard to hold up the pricing on…

As previously noted I had 8% of my total portfolio value in CDs and treasuries which matured in June–well the coin came in and I immediately locked down some CDs in the 5.25-5.5% area (9 month to 1 year) with 1/2 the proceeds. It is very difficult to…

Below are press releases from companys with preferred stock or baby bonds outstanding – or just of general interest. News is very light at this time, but earnings season starts in just a week. Costamare Inc. Declares Quarterly Dividend on its Preferred…

Note that equity markets will close today at 1 p.m. (eastern time) and will not reopen until Wednesday morning, the 5th. Bonds markets will close at 2 p.m. Last week the S&P500 moved higher by just over 2% to close the week at 4450—essentially at…

Below are press releases from companys with preferred stock or baby bonds outstanding – or just of general interest. News is very light at this time, but earnings season starts in just a couple of weeks. Old National Bancorp Announces Schedule for Seco…

The equity markets think highly of a higher revision in the gross domestic product with the S&P500 up about .4% right now, with interest rates spiking higher with the 10 year treasury up at 3.86%—up 15 basis points. It is not just the increase in…

Below are press releases from companys with preferred stock or baby bonds outstanding – or just of general interest. News is very light at this time, but earnings season starts in just a couple of weeks. UMH PROPERTIES, INC. WILL HOST SECOND QUARTER 20…

Below is a link to a story on an office tower than just sold in downtown Minneapolis. The building sold for about 1/2 of its assessed value–what the previous owner was carrying it on the books at I have no idea, but you can be certain it was way above…

Yesterday we had new home sales numbers released that blew the forecasts out of the water–763,000 versus 675,000 forecast–wow!! Strong employment is driving housing and new house sales are up because folks in a house with a 3% mortgage don’t list the…

Below are press releases from companys with preferred stock or baby bonds outstanding – or just of general interest. News is very light at this time, but earnings season starts in just a couple of weeks. LifeMD Declares Quarterly Dividend on Series A C…