Featured Articles
Almost Unbelievable MLP Selloff
Tim McPartland | November 28, 2014
What a way to end the month! We knew that MLP's were going to get hit bad today--we just didn't understand how badly they would be hammered.We had purged the MLP's (oil and gas issues) from the portfolio for the final time in September and have resisted further purchases--and we are thankful that we didn't procrastinate. We had dumped related…
OPEC Rejects Cuts – WTI Plunging by $4/Barrel
Tim McPartland | November 27, 2014
OPEC has rejected any production cut and West Texas Intermediate is off by more than $4/barrel at this minute.This is a potential further 'gift' to drivers and likelyif it holds for the next 24 hours a massacre for holders of MLP's.Update 7 pmGlobal oil shares have plunged further today then they have in years. Canadian oil shares were off 5-15%. West…
Small Purchase Today in Star Bulk Carriers Debt
Tim McPartland | November 25, 2014
A helpful reminder to us by a reader on the new issue Star Bulk Carriers 8% Senior Notes(ticker:SBLKL) made us move to get a small position in this tasty yielding issue.As some you know we are not really too high on either common or preferred shares of any of the ocean shippers, but this one has a bit of a twist…
2 Model Purchases Today
Tim McPartland | November 24, 2014
We made 2 purchases in the 2014 Model today--both issues we had mentioned last week in this space.1st off we have made a purchase of Store Capital (ticker:STOR) a new issue REIT (not a new REIT--they have been around since 2011). As we mentioned in this short article last week Store Capital is a triple net lease owner of single tenant properties.…
