Featured Articles
Complacency Reigns – To the Moon
Tim McPartland | August 25, 2014
Another 75 Dow point up day--just the normal day. Forget about the crappy 'global' economic situation--Europe and Asia, forget about any global tensions--Russia/Ukraine, Gaza/Israel and Iraq/Syria ISIS. Just be happy.But seriously, with everything that is happening globally even we are complacent with income securities. It would seem that only a 'black swan' event could derail the low interest rate environment.…
RAIT Senior Notes Now Trading
Tim McPartland | August 25, 2014
August 22, 2014 10:35 amReader shadetreethinker has reminded us that the new RAIT Senior Notes are new trading on the NYSE under the ticker RFTA. The coupon on the issue is 7.125% and it is now trading at $24.80.While RAIT is not a quality issue it does have short duration (5 years) and this makes it an interest to us.…
REIT’s and MLP’s Power to New Highs
Tim McPartland | August 21, 2014
Both REIT's and MLP's powered to new highs today in a move that to us becomes a bit scarier each day--when you reach the point that it is an 'expectation' that each day is a 40-100 point upward DJIA move and every dip is to be bought with no risk that markets will go down it is time to be…
CHS To Issue 6.7 Million Preferred Shares
Tim McPartland | August 20, 2014
CHS (Cenex Harvest States) has announced the intention to issue 6.7 million preferred shares to their cooperative members in exchange for members equity.THIS IS NOT A NEW PREFERRED ISSUE. None of these shares will be sold by the company--all shares will go to members in exchange for members qualified equity.The shares to be issued are the Class B, 7.875% $25/share preferred…
