Below are press releases from companys with preferred stock and/or baby bonds outstanding – or just news of general interest.
SiriusPoint Announces Date for Fourth Quarter and Full Year 2023 Earnings Release
Apollo Commercial Real Estate Finance, Inc. Reports Fourth Quarter 2023 Results
Arbor Realty Trust Schedules Fourth Quarter 2023 Earnings Conference Call
GAMCO Investors, Inc. Reports Results for the Fourth Quarter and Year Ended December 31, 2023
Safe Bulkers, Inc. Sets Date for the Fourth Quarter 2023 Results, Conference Call, and Webcast
Prospect Capital Schedules Second Fiscal Quarter Earnings Release and Conference Call
Abacus Life CEO Jay Jackson Discusses Misconceptions About Life Insurance on the Wealthion Podcast
RenaissanceRe Holdings Ltd. Announces Twenty-Ninth Consecutive Annual Increase in Quarterly Dividend
Prudential Financial, Inc. Announces 2023 Results(1)
KKR Real Estate Finance Trust Inc. Reports Fourth Quarter and Full Year 2023 Results
Assurant Reports Fourth Quarter 2023 and Full-Year 2023 Financial Results
Equitable Holdings Reports Full Year and Fourth Quarter 2023 Results
KKR presentation reveals it cuts its dividend from 43 cents to 25 cents.
In reading thru the financial results from Prudential they still seem pretty solid to me. I own a huge amount of their 6.75% very long bond.
Hi Chuck – I own a junior subordinated note (744320BK7) from Prudential. 6% fixed until 2032 then it can reset at the 5 yr plus 3.234% or be called.
https://www.sec.gov/Archives/edgar/data/1137774/000119312522215096/d316335dfwp.htm
https://www.sec.gov/Archives/edgar/data/1137774/000119312522215702/d362247d424b2.htm
So I was looking at capitalization per employees. Divide company stock holder equity by number of employees. 2 of the highest? KKR and BX!! Beating Apple and Microsoft convincingly
For those interested in shipping, there are a couple of new podcasts on Bloomberg Odd Lots. You can also find them on Apple or Spotfy. The Red Sea podcast – nothing you haven’t heard before, but all in one place in an easy 50 minute dose. The new Suez Canal podcast exists on Bloomberg as an article, assume it will appear in audio soon.
For me, the main take-aways from the Red Sea podcast are: insurance costs are going up, so are shipping rates and container costs, re-routing around Africa takes more time and costs $$$ for fuel, and there is some national competition evident. (India is more prominent in defending its ships than China.)
How Global Shippers Are Dealing With a Worsening Red Sea Crisis
https://podcasts.apple.com/us/podcast/how-global-shippers-are-dealing-with-a-worsening-red/id1056200096?i=1000643773719
Sal Mercogliano on What’s Happening in the Suez Canal Right Now
tba
JMO. DYODD.
and since that trip takes longer, if a steady arrival every so many days is to be maintained, more ships as well will be needed.
For those of us who would rather read than listen, here’s a link to the transcript of that interesting Odd Lots podcast:
https://www.bloomberg.com/news/articles/2024-02-01/transcript-sal-mercogliano-on-what-s-happening-in-the-suez-canal-right-now
Gift link:
https://www.bloomberg.com/news/articles/2024-02-01/transcript-sal-mercogliano-on-what-s-happening-in-the-suez-canal-right-now?utm_source=website&utm_medium=share&utm_campaign=copy