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The release of the 1st quarter GDP numbers were softer than anticipated at a measly +.2%.  Of course it was the weather (or maybe it wasn't), but as always there are at least 5 excuses--one of these days the reason will be simply that the economy is generally just pretty lousy (at least for the 'have nots').Interest rates have shot…

With stocks trading right at all time highs we are waiting for the next bit of news that will smack stocks down or drive them higher.  Certainly we are in a week which has the potential to set a new tone--for better or worse.Tomorrow the FOMC meeting starts and wraps up midday Wednesday.  Of course the only thing to watch…

Large tanker owner Tsako Energy Navigation has sold a cumulative preferred stock issue. This is a 8.75% offering.This issue will begin to trade on the OTC grey market under the ticker TNPZF tomorrow (Friday).  Like the Teekay Offshore Partners issue from last week this may be a good 'flip' candidate for those looking for a short term gain.  We wrote…

Date Issued   4/22/2015Shares Issued  3,400,000   Overallotment Shares 510,000S&P Rating   NR   Moodys  NRSecurity Ticker Symbol   TNP-D     OTC Temp Ticker  TNPZFMarket Traded ON   NYSEDividend Payment Paid on the 28th of February, May, August  and November beginning on 8/28/2015Quarterly Dividend   .547   Annual Dividend   2.1875Securities may be redeemed, at the issuers option, as early as 4/29/2020 for a redemption price…

After doing some research last night and some 'thinking' we have taken a starter position in energy MLP NGL Energy (ticker:NGL).  We have purchased 200 shares to start as we are still a bit worried about the MLP's---but we think NGL is a superstar company.  We have initiated a position in NGL in our personal accounts as well.Now we have…