Our site runs on donations to keep it running for free. Please consider donating if you enjoy your experience here!

Headlines of Interest

Below are press releases from company’s with preferred stock and baby bonds outstanding.

starbulk_logo_10_23_18.png

Star Bulk Carriers Corp. Reports Net Profit of $109.7 Million for the Third Quarter of 2022 and Declares Quarterly Dividend of $1.20 Per Share

HCD_Logo_6.1.21.jpg

Harbor Custom Development, Inc. Enters LOI to Purchase Land for Luxury Urban Tacoma Apartment Site for $5.75 Million

View Press Release

Silvergate Provides Mid-Quarter Update and Announces Participation in Oppenheimer’s 5th Blockchain & Digital Assets Summit

View Press Release

OFS Credit Company Provides October 2022 Net Asset Value Update

View Press Release

Ellington Financial Announces Estimated Book Value Per Common Share as of October 31, 2022

View Press Release

Popular, Inc. Declares a Cash Dividend of $0.55 per Common Share

View Press Release

EPR Properties Declares Monthly Dividend for Common Shareholders

WesBanco Declares Increase in Quarterly Cash Dividend to Its Shareholders

WesBanco Declares Increase in Quarterly Cash Dividend to Its Shareholders

Merchants Bancorp Declares Quarterly Common and Preferred Dividends

Merchants Bancorp Declares Quarterly Common and Preferred Dividends

Spire Reports FY22 4th Quarter and Full-Year Results

Spire Reports FY22 4th Quarter and Full-Year Results

4 thoughts on “Headlines of Interest”

  1. Ugly day for Drive Shack preferreds:

    DS-B -20.9% close @ 10.10
    DS-C -12.7% close @ 11.00
    DS-D -24.9% close @ 10.13

    DS common -8.7% close @ 0.39, yes that is 39 cents!

    DS filed with the SEC that they are NOT able to release their Q3 10Q on time. Seems they have a dispute with their auditor, Ernst & Young on some impairment charges. From the filing: “the company expects to report a material weakness in its internal controls over financial reporting. . .”

    All of the preferreds paid their latest dividends on time @ 10/31/22. Market seems to be saying that future dividend payments are uncertain. If that is the case, these are way over priced. For Q2 they reported revenues of $93 million and a lot of ($10.8 million)

    The Interim Chief Financial Officer is Kelley Buchhorn. Previously she was at JC Penney which went bankrupt. Before that she was with Pier One which went bankrupt. Might not portend well for Drive Shack.

    We do not own any preferred and/or common shares in any account.

    1. My old buddies dig these Drive Shack ranges, and the one in my hometown has been quite busy even mid-week for the last year and a half, so I was eye’ing the common as a gamble last month b/c this isn’t DS’s first rodeo as a penny stock.
      But they’ve got that looming reverse split to avoid delistment, and I’ve never been a part of a successful/profitable reverse split, plus I need to stop gambling. I keep telling myself I’m an honest investor these days.

    2. well, they hired the CFO with relevant experience…./s
      Not sure how anyone can go bankrupt when catering to people who spend as much money as golfers do… but there you have it..

      1. This thing was a wet mangy dog in its first life as Newcastle. Probably never had a chance despite, fat wallet tubby golfers drinking beer , eating fries, and shanking chips into the neighboring booth.

Leave a Reply

Your email address will not be published. Required fields are marked *