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Headlines of Interest

Below are press releases from companies with preferred stock and/or baby bonds outstanding.

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Valley National Bancorp to Announce First Quarter 2024 Earnings

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Mortgage Rates Move Toward Seven Percent as Markets Digest Incoming Data

CoBank Quarterly: St

CoBank Quarterly: Sticky Inflation Puts Federal Reserve on the Horns of a Dilemma

DTE Energy schedules

DTE Energy schedules first quarter 2024 earnings release, conference call


Abacus Life to Announce First Quarter 2024 Financial Results on Monday, May 13, 2024


ConnectOne Bancorp, Inc. to Host 2024 First Quarter Results Conference Call on April 25, 2024

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FTAI Aviation Announces Expiration and Results of Cash Tender Offer for Any and All of Its Outstanding 6.50% Senior Notes Due 2025

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Sterling Bancorp, Inc. to Announce First Quarter 2024 Financial Results on Wednesday, April 24, 2024

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Redfin Report: Monthly Payments Set New Record–And Buyers’ Costs Will Likely Stay High on Inflation News

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Synovus Financial Corp. releases 2023 Annual Report

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Office Properties Income Trust Announces Quarterly Dividend on Common Shares

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Dime Bolsters C&I Middle Market Lending Operations


Runway Growth Finance Corp. Announces Date for First Quarter 2024 Financial Results and Conference Call

12 thoughts on “Headlines of Interest”

  1. I cashed out on opening.

    Have always focused on the sales components /commissions paid to identify businesses that are unsustainable. For instance if they are paying huge commission how is the company able to make profit margins work.

    40years ago my in law asked… If they are paying 10% commission how is the Limited Partnership tax shelter going to work. Ps They didn’t work. Every who did buy lost everything and had a nightmare tax event

    20 years old sales reps driving McLarens?.. NO THANKS

    1. Seems like there’s enough uncertainty with the direction of interest rates, inflation, etc. I’m looking for “ports in the storm” like AQNB. I view GL-D like “hail in the storm.”

      The current yield on GL-D is only around 6.6% at the moment. Is that really enough yield to compensate for having this on your mind?

      1. My thought is that 100% of capital is at risk buying GL D. Yes you can make money BUT with those worries it won’t take much to wipe them out. If thongs go right it might move back to 20-21 but I dont see anything else. Too much negative sentiment. So seeking for cap loss may only hurt investors.

        YES I hope they make it. Just saying. Id rather find a 6 coupon trading under par w a float coming.

  2. I own Brighthouse Financial (BHFAM) and they took a more than average hit today. Could be just higher rates against a low yielding (4.625%) perpetual issue. Or could it be that and a sympathetic reaction to GL?

    1. I added to my BHFAP the higher coupon preferred that also sold off 2.5%+ and yielding 7.1% in low $23s

      1. mSquare I think we saw a mini market reaction yesterday to all life insurance stocks due to short attack on GL Similar to last March when the market reacted to all bank stocks with the bank failures that happened at the time. Remains to be seen if the drop in insurance stocks continues when the market opens Friday. I had buy orders in on BHFAM & N hit that I had set for a 7% Yield.

  3. Well………huge news of the day. Global Life shorted by some head hunter firm. Opened down 5, then slowly sold off. WAY OFF. Dropped from like 100 to 39. Closed around 49.5.

    THATs big news! In general they are thinly capitalized so subject to more volatility than many insurance companies. Still I see Thompson had them as a 10 out of 10. No sell ratings. Most earnings estimates tightly grouped. I believe their pfd is GL D

    After hours up over close. But its one going to be a lot of fireworks regardless of which way it goes. Asbestos gloves only!

    1. Here’s a 6 minute video from the Globe Life short seller:


      This is from March 6, 2024:


      Department of Justice opens probe of Globe Life, American Income Life

      – The US Department of Justice has subpoenaed Globe Life and subsidiary American Income Life.
      – The DOJ seeks information on insurance policies and customer payments after Business Insider reported claims of fraud.
      – Warren Buffett’s Berkshire Hathaway has sold off all 6.35 million shares it held in Globe Life.

      1. Thanks!

        You know it was almost making a good case until it went down the rabbit hole of their sexual harassment culture. They are throwing everything they can think of saying at them.

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