Featured Articles

September 12, 2017 By  Tim McPartland Long-time readers know we try to identify key learnings from our model portfolios and one which we have known, but not written about, is simply how well a portfolio of 50-60 holdings can be managed. We think that a portfolio with this number of holdings requires around four hours per week to monitor. It…

Two manufactures of diversified machinery increased their share prices more than 15% over the past 12 months and offer dividend yields that are more than twice the sector average. Both companies have rewarded their shareholders with long-term growth of annual dividend payouts and their current dividend yields exceed their respective average dividend yields over the past five-years. Steady asset appreciation…

September 6, 2017 By  Tim McPartland Two business development companies (BDCs) have sold new baby bonds with identical coupons of 6.125%. When we saw these new issues were going to be sold, we were quite excited, as neither company is investment grade and we thought that we might get some new issues with a 7% coupon. Our excitement turned to…

Date Issued 8/7/2017 Shares Issued  2,000,000   Overallotment   300,000 S&P Rating   NR   Moodys Rating   NR Security Ticker Symbol   KCAPL Market Traded ON   NASDAQ Interest Payment Paid on the 30th of March, June, September and December beginning on 9/30/2017 Quarterly Interest   .382   Annual Interest   1.531 Securities may be redeemed, at the issuers option, as early as 9/15/2019 for a redemption…

Date Issued 8/17/2017 Shares Issued  1,000,000   Overallotment   150,000 S&P Rating   NR   Moodys Rating   NR Security Ticker Symbol   HCAPZ Market Traded ON   NASDAQ Interest Payment Paid on the 15th of March, June, September and December beginning on 9/15/2017 Quarterly Interest   .382   Annual Interest   1.531 Securities may be redeemed, at the issuers option, as early as 9/15/2019 for a redemption…