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SELL LTSL

November 20, 2019. We are getting crucified on LTSL. We are learning over the last 24 hours that this investment is much worse than we had understood. As tough as it is, we are taking the loss. We plan on selling LTSL today.

We recently added GBDC to the Core Portfolio. Today SeekingAlpha.com published an article discussing this and other BDCs.

GO TO ARTICLE

GBDC is a “safer” lower-yield BDC for many reasons, including strong covenant protections, over 90% of the portfolio in senior secured and one stop “bank quality” loans, and one of the lowest stated portfolio yields in the industry (typically indicating higher credit quality). GBDC’s continued focus on “quality over quantity” has resulted in lower portfolio growth and/or a reduced portfolio yield, but dividend coverage has remained stable due to the investor-friendly incentive fee structure.

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Wowza: Mayor Pete now ahead in NH. Who woulda thot. Voters don’t like big spenders Warren and Sanders.

The Saint Anselm College Survey Center poll of 255 likely Democratic primary voters shows that Buttigieg, supported by 25 percent, now holds a 10 percentage point lead over former Vice President Joe Biden and Massachusetts Sen. Elizabeth Warren, who are tied for second at 15 percent. Buttigieg is substantially ahead of Vermont Sen. Bernie Sanders, who is in fourth place at 9 percent.


Despite all the scrutiny, the ultra liberals at Google continue altering search results.

Google’s evolving approach marks a shift from its founding philosophy of “organizing the world’s information,” to one that is far more active in deciding how that information should appear.

More than 100 interviews and the Journal’s own testing of Google’s search results reveal:

  • Google made algorithmic changes to its search results that favor big businesses over smaller ones, and in at least one case made changes on behalf of a major advertiser, eBayInc., contrary to its public position that it never takes that type of action. The company also boosts some major websites, such as Amazon.com Inc. and Facebook Inc., according to people familiar with the matter.
  • Google engineers regularly make behind-the-scenes adjustments to other information the company is increasingly layering on top of its basic search results. These features include auto-complete suggestions, boxes called “knowledge panels” and “featured snippets,” and news results, which aren’t subject to the same company policies limiting what engineers can remove or change.
  • Despite publicly denying doing so, Google keeps blacklists to remove certain sites or prevent others from surfacing in certain types of results. These moves are separate from those that block sites as required by U.S. or foreign law, such as those featuring child abuse or with copyright infringement, and from changes designed to demote spam sites, which attempt to game the system to appear higher in results.
  • In auto-complete, the feature that predicts search terms as the user types a query, Google’s engineers have created algorithms and blacklists to weed out more-incendiary suggestions for controversial subjects, such as abortion or immigration, in effect filtering out inflammatory results on high-profile topics.
  • Google employees and executives, including co-founders Larry Page and Sergey Brin, have disagreed on how much to intervene on search results and to what extent. Employees can push for revisions in specific search results, including on topics such as vaccinations and autism.
  • To evaluate its search results, Google employs thousands of low-paid contractors whose purpose the company says is to assess the quality of the algorithms’ rankings. Even so, contractors said Google gave feedback to these workers to convey what it considered to be the correct ranking of results, and they revised their assessments accordingly, according to contractors interviewed by the Journal. The contractors’ collective evaluations are then used to adjust algorithms.
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8 YEARS

November 18, 2019. Time flies when you are having fun. It is hard to believe that we started this blog seven years ago. Yes we are entering the 8th year. Due to time constraints there have been thoughts about stopping this time consuming project….you wouldn’t believe it but this thing takes a lot of time. But for now we forge onward.

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LTSL. Major Pain. This position in the Core Portfolio is absolutely CRATERING. Prices have now reached the level where it would be ludicrous to sell at huge losses. As we mentioned last week. just hold on. There is no reason to sell LTSL. It may take several years to recover but we will hold for the 7% dividends.

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MOVIES. Ford vs Ferrari. You have a movie about car racing with two huge movie stars. How can you go wrong!! Hollywood is producing so many really crappy movies that it is really exciting that they have finally produced an old-fashioned thriller. Go see this.

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TRUMP REALLY PUSHES BACK.

Then went on to suggest he will “strongly consider” testifying…

“[Pelosi] suggested on Sunday’s DEFACE THE NATION that I testify about the phony Impeachment Witch Hunt. She also said I could do it in writing. Even though I did nothing wrong, and don’t like giving credibility to this No Due Process Hoax, I like the idea & will, in order to get Congress focused again, strongly consider it!

NOW IN OUR 8TH YEAR. NOTE TO NEW READERS:  Before you buy anything we discuss here, GO to the Core Portfolio tab to see a CURRENT listing of holdings. Dividend Income Investor is designed for investors seeking income by using preferreds, BDCs, REITs, Closed End Funds, baby bonds and corporate bonds. Don’t forget to hit the like button. Go Here For “About Our host WordPress is running ads in the blog and we receive NO compensation from this advertising.

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SELL UNIT BOND

November 14, 2019. News on UNIT Corporate Bond held in the Core Portfolio CUSIP 909218AB5 : It is reported that UNT the parent Company be offering around $700 per bond, probably tomorrow. This bond has been collapsing. We ARE selling the bonds as soon as we get information on the offer. Altho we never want to take losses, the received dividends will help alleviate the pain. (update: we decided to keep this bond)

News on LTSL which is in the Core Portfolio: Due to a merger, LTSL will no longer be publicly traded. The bond is collapsing, now at $22.95. The bonds will continue with the same interest and maturity. Do NOT sell. HOLD.

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Johnny Carson hosting The Tonight Show used to average 8-9 million viewers. Today, the ultra liberal whack job talk show hosts can barely make 3 million. The Tonight Show is at a sickly 1.7 million. Gee, do you suppose people are sick of their hate speech?

https://www.cnn.com/2019/10/04/media/late-night-ratings/index.html

CBS’ “The Late Show” won premiere week over the competition, averaging 2.9 million viewers for the last week in September. “Jimmy Kimmel Live!” came in second at 1.8 million and “The Tonight Show” took third with 1.7 million.

Colbert was down 27%, Kimmel fell 16%, and Fallon, who has historically skewed towards a younger audience than his rivals, dropped 33% compared to last year in the 18 to 49 demo.

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NOW IN OUR 8TH YEAR. NOTE TO NEW READERS:  Before you buy anything we discuss here, GO to the Core Portfolio tab to see a CURRENT listing of holdings. Dividend Income Investor is designed for investors seeking income by using preferreds, BDCs, REITs, Closed End Funds, baby bonds and corporate bonds. Don’t forget to hit the like button. Go Here For “About Our host WordPress is running ads in the blog and we receive NO compensation from this advertising.

Total household debt in the United States, including mortgages, auto loans, credit card and student debt, climbed to $13.95 trillion in the third quarter of 2019, eclipsing the debt level at the height of the Great Recession in Q3 2008 by $1.28 trillion in nominal terms.

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MIC CONTINUE TO HOLD THIS DOG

November 14, 2019. We have mentioned on several occasions that MIC has been one of the worst positions in the Core Portfolio. MIC has been held for years specifically to collect the dividends while waiting for recovery. Now we learn that MIC may be sold. MIC continues to be a HOLD.

Here is the full article: https://seekingalpha.com/article/4305439-9_8-percent-yield-pays-wait-sale-macquarie-infrastructure

Based on our minimum fair value sale price of $51.60 and adjusting for 93.9% being retained by common shareholders and 6.1% going to management, we come up with a fair value of $48.50. Shares still have additional upside and whether the company gets sold or not, we think the shares are undervalued. MIC remains a solid high yield stock with a yield of close to 10%, to buy and hold for income investors!

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The book just out from Donald Trump, Jr., the eldest son of President Donald Trump, has hit number one on the New York Times bestseller list.

Trump, Jr., noted the news about his book Triggered in a tweet on Wednesday night, thanking the “Deplorables” to whom he dedicated the book for making it the bestselling book in the country, according to the New York Times.

Triggered: How the Left Thrives on Hate and Wants to Silence Us

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What is REALLY causing this cold weather? Very interesting article

https://www.zerohedge.com/health/are-you-ready-catastrophically-cold-winter-heres-what-mainstream-media-wont-tell-you

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WOW Who Knew:

A campaign official for President Trump’s 2020 campaign said Tuesday that roughly a quarter of those who attend his rallies identify as either a Democrat or an independent voter.

“That means these people — 25 percent of the people who are attending these rallies are disaffected voters, people who don’t feel like they’ve been part of the process for a long time,” Tim Murtaugh, the communications director of Trump’s reelection team, told Hill.TV during an appearance on “Rising.” 

“This is not the president speaking only to his base — that’s a common misconception,” he added.

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RISING RATES

RISING RATES HURT CORE PORTFOLIO

November 11. 2019. The 10 year treasury closed at 1.93% last week. Rising rates knock preferreds and baby bonds down and we are expecting declines in the next three months. It is not fun to see paper losses in the portfolio but this is not permanent: and we continue getting the dividends.

Excellent article: why is socialism so popular these days

https://www.zerohedge.com/economics/4-reasons-why-socialism-becoming-more-popular

The latest polling from Monmouth shows that President Trump enjoys a higher favorability than every serious 2020 Democrat candidate.

Those of you looking for even more proof that the establishment media have only a slight impact on public opinion need only read on…

Keep in mind that this a poll of 835 registered voters taken between October 30 and November 2, 2019 — or while Democrats and their media allies are on a 24/7 crusade to impeach Trump.

Favorable / Unfavorable

Donald Trump: 44 / 54 percent

Quid Pro Joe Biden: 43 / 50 percent

Bernie “The Fossil” Sanders: 41 / 54 percent

Cherokee Princess Elizabeth Warren: 42 / 44 percent

Dingbat Kamala Harris: 27 / 46 percent

Mean Little Mayor Pete Buttigieg: 27 / 34 percent

OUCH…..CARS SALES DOWN

NOW IN OUR 7TH YEAR. NOTE TO NEW READERS:  Before you buy anything we discuss here, GO to the Core Portfolio tab to see a CURRENT listing of holdings. This “free” blog is designed for investors seeking income by using preferreds, BDCs, REITs, baby bonds and corporate bonds. Don’t forget to hit the like button. Go Here For “About Our host WordPress is running ads in the blog. We receive NO compensation from this advertising.

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AWF-ADDING

November 8, 2109. We are ADDING to AWF, a position in the Core Portfolio. So far, we have a total return of 9% with AWF. BUY at $11.94.

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If you talk to a thousand investors, you will see a 1,000 different styles. Stock trading, value investing, dividend investing, bonds, put/calls. As we have talked to people over the decades, it became obvious that everybody has their own unique style that they felt comfortable with.

Here at Dividend Income Investor we started by putting money into the 401K back in the 80s. After retiring from the Corporate world, we foolishly thought we could make a killing in the stock market. A stupid and time consuming mistake.

Eventually we “discovered” dividend investing and that is what this blog, Dividend Income Investor, is all about. We started out with Corporate Bonds when the yields were quite high. In recent years, this spread out to BDCs, REITs, preferred stocks, and baby bonds, among many other options. More and more investors are ‘discovering’ dividend investing which is driving prices sky high. We have to be extremely careful in buying only positions that are ‘new’ issues or ‘on sale’.

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drudgereport.com has been one of the biggest, if not the most visited site out there. Always conservative oriented, it has NOW been turning liberal against Trump and thankfully there are several NEW sites that are targeting the conservative side.

http://www.rantingly.com

https://thelibertydaily.com/

https://newsammo.com/

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WOW who knew???

Out of 3,766 voters who were polled in six of the swing states, 84 percent said they would not be persuaded leading up to the 2020 presidential election. The poll, conducted by the New York Times/Siena College from October 13 to October 26, represents registered voters in Pennsylvania, Florida, Wisconsin, North Carolina, Arizona and Michigan—the competitive states President Trump won in the 2016 election. One year before the election, 6 percent of respondents said they were somewhat persuadable, and 9 percent said they were persuadable.

Those who were certain were split about which candidate they would vote for. Thirty-two percent said they would “definitely vote” for Trump and 33 percent they would “definitely vote” for the Democratic nominee. Though less certain but not persuadable, 11 percent said there was “not really any chance” they would vote for Democratic nominee and 8 percent said there was “not really any chance” they would vote for Trump.

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SELL EQUINOX

CUSIP 29444UAN6

November 7, 2109. Equinix if offering to purchase their Corporate Bond which we hold in the Core Portfolio. They are paying $1,018 per bond. If we look at dividends received and our cost, the return would be a nice 16% if sold. This sell is really just a personal decision where we will take the money and run….and possibly deploy into another position.

We can continue to hold until maturity in 2022, a full two years. Yes you can make an additional small return, but considering the long time span, we are selling and taking the profits. We have absolutely no concerns about the viability of the Company and you could elect to just hold the bonds until they mature.

NOW IN OUR 7TH YEAR. NOTE TO NEW READERS:  Before you buy anything we discuss here, GO to the Core Portfolio tab to see a CURRENT listing of holdings. This “free” blog is designed for investors seeking income by using preferreds, BDCs, REITs, baby bonds and corporate bonds. Don’t forget to hit the like button. Go Here For “About Our host WordPress is running ads in the blog. We receive NO compensation from this advertising.

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