7 thoughts on “First Internet Bancorp Baby Bonds Now Trading”

  1. Trying to increase cash after having $15 a little awhile ago. Every time I get some I spend it on some new issue or another. They pop 3% plus. Up 3.5% on this one already, thanks Etrade. I really am going to control myself and raise more cash. We have the SRE issue coming.

  2. I’m sure this question has been asked a lot already, but is there a best online brokerage to use for trading preferred stock?

    1. Jacob,
      Many here seem to have multiple brokerages. Brokers get access to new issues at varying times – from what I’ve seen, largely depending on who the underwriters are. The top brokerage here seems to be TDAmeritrade, but many use Merrill Edge, Vanguard, Fidelity, and Schwab – among others. No one brokerage is going to give you access to everything in a timely manner. What I can get on Merrill may not be available to others for days and vice versa. Plus, it depends on the size of the offering and the quality (investment grade or not). There are a lot of changes going on with the brokerages related to what they now term as ‘penny stocks’ or those trading with non-IG ratings and garbage financials.

    1. You can start with this chart of revenue and earnings and drill down from there. Seems like they are doing plenty of things right to put up these types of numbers.

      Revenue 12/31/2018 12/31/2017 12/31/2016 12/31/2015

      Gross Profit 67,135 59,651 49,436 38,948

      Net Income Applicable To Common Shares
      21,900 15,226 12,074 8,929

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