Below are press releases from companys that have preferred stock and/or baby bonds outstanding–or just news of a general interest.
FAT BRANDS INC. REPORTS FISCAL FOURTH QUARTER AND FULL FISCAL YEAR 2023 FINANCIAL RESULTS
Nordic American Tankers Ltd (NYSE: NAT) – A snapshot of the present market conditions
Runway Growth Finance Corp. Announces Joint Venture with Cadma Capital Partners
Oxford Lane Capital Corp. Provides February Net Asset Value Update
Runway Growth Finance Corp. Reports Fourth Quarter and Fiscal Year Ended 2023 Financial Results
Ellington Residential Declares Monthly Common Dividend
Ellington Financial Announces Estimated Book Value Per Common Share as of January 31, 2024
Ellington Financial Declares Common and Preferred Dividends
MFA Financial, Inc. Announces Dividend of $0.35 per Share
Cherry Hill Mortgage Investment Corporation Announces Fourth Quarter and Full Year 2023 Results
Redwood Trust Declares First Quarter 2024 Common and Preferred Dividends
NAT, boy that is a name from the past. I used to trade it before the 2016 melt down in oil stocks along with KNOP. owns a lot of older tankers and has a lot of downtime every couple years with boats in dry dock. Don’t see how its kept up with the new emission standards. I haven’t followed in a long time with all the other shippers out there. No interest in getting back in.
– new issue –
Albemarle Corp 7.25% Dep Shares Ser A Mandatory Convertible Prfd Due 03/01/2027
Ticker Symbol: ALB-A CUSIP: 012653200 Exchange: NYSE
I would be careful of anything associated with mining right now.
I keep looking at Fat Brands fat dividend because I enjoyed their restaurants (Johnny Rockets, a favorite late-night hangout for me and a buddy years back). I like their portfolio of recognizable brands. I sense a post-pandemic recovery even in the face of inflation-fueled dine-out avoidance. There’s noise of a brand IPO / spin-off too. FAT is up ~40% YTD and pays a generous 6.7% divvy. Not bad.
Then I look at Fat Brand’s history of convoluted corporate convolutions. A company where a generous dividend causes conflict of interest complaints from minority shareholders and litigation over wasting of assets. Leveraged to the hilt, last time I looked. This year-old Restaurant News story sums up why I always decide to avoid the stock. Also, any restaurant that keeps giving unlimited free coffee refills to dead-weight late-night customers can’t be making too much money.
Can FAT Brands’ two new CEOs outrun the company’s financial and legal troubles?
https://www.nrn.com/finance/can-fat-brands-two-new-ceos-outrun-company-s-financial-and-legal-troubles
Contrarians, please note: my stock opinions are as successful as Wrong Way Corrigan’s flight navigation skills.