Home

Below is a link to an interesting read on a study of the performance of high yield preferred stock ETFs. As individuals we can certainly outperform most of these ETFs–we all have opinions of course, but when you see the high yield funds giving a total…

Markets are pretty quiet this morning – both equities and interest rates. I know that I am not paying very close attention to the markets, partially because of the level of investments I have in fixed income vehicles at favorable rates. I can see it in…

Below are press releases from companys with preferred stock or baby bonds outstanding – or just of general interest. Harbor Custom Development, Inc. Announces Change in Executive Leadership Freddie Mac Issues Monthly Volume Summary for May 2023 ARMOUR…

As a bunch of treasuries and CDs mature on Friday one has to consider whether they should all be rolled over into new CDs. On the other hand I have little dry powder and want some available for ‘bargain hunting’. It seems to me that we could see some C…

Last week, which was a 4 day week, we saw the S&P500 set back by about 1.4% which leaves the index about 2% off of the 52 week high. This morning the index is just barely red–kind of surprising given the absolutely crazy events in Russia and Ukrai…

S&P Global released their flash purchasing managers index this morning and it is an interesting read – a mixed bag to some degree. The report can be read here.

The fear trade is alive and well in the smaller community and regional bankers–fear of interest rate hikes and resultantly commercial real estate failures of which these bankers have some pretty large interests. Everyone needs to keep a close eye on t…

My question is – really what is the net asset value? Office properties are likely on someones books way above the true open market fair value as folks attempt to ‘hide’ these impaired assets. This is a link to an article on the subject.

Below are press releases from companys with preferred stock or baby bonds outstanding – or just of general interest. Oxford Square Capital Corp. Announces Partial Redemption of 6.50% Notes Due 2024 Stifel Reports May 2023 Operating Data Mortgage Rates…

This is an updated list of issues I own as of this moment (6/22/2023) and subject to change at any time. I started adding dates that I purchased the issue and prices paid. Business Development Company Saratoga Investment 8.50% Baby Bonds (SAZ) Bot 6/20…

Standard and Poors has published an interesting read on Lodging, Retail and Residential REITs–many of which have preferred shares outstanding. I have positions in RLJ Lodging (RLJ) and Pebblebrook (PEB) and they are in the report – in the case of PEB…

Below are press releases from companys with preferred stock or baby bonds outstanding – or just of general interest. Freddie Mac Multifamily Apartment Investment Market Index Rises in First Quarter of 2023 Apollo Publishes 14th Annual Sustainability Re…