Featured Articles

October 6, 2014  10:00 a.m.Cowen Group, the diversified financial services firm, has sold a 8.25% Senior Note offering.We have an interest in this issue as it has a short duration--2021, a very nice coupon, and a 'make whole' payment for early redemption.We have NOT reviewed the financials yet of Cowen, but will do so today and determine if we are…

Date Issued  10/03/2014Shares Issued 2,200,000    Overallotment Shares   330,000S&P Rating  NR   Moodys Rating   NRSecurity Ticker Symbol   COWNLMarket Traded ON   NASDAQInterest Payment Paid on the 15th of January, April, July and October beginning on 01/15/2015Quarterly Interest   .5156   Annual Interest   2.0625Securities may be redeemed, at the issuers option, at anytime, for the following amounts--Prior to October 15, 2017, redeemable, at the…

Following so many other companies Costamare Inc., an owner of a fleet of container ships (68 in total), has filed an F-1 (same as a S-1, but for foreign companies) to spin off a MLP some time in the not distant future.The new MLP, Costamare Partners LP (ticker to be CMRP) will be formed with a fleet of 4 container…

Unfortunately our feelings of 'doom' yesterday were well founded - BUT that 'feeling' is over and we have become rational thinkers again.  Our 'repositioning' of the portfolio's to shorten durations and unload certain MLP's and common stocks has served us well again.  Our model was off just 10 basis points today--our personal accounts did the same or a bit better.  We have…