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BUY OR ADD TO MDLX

Welcome to Dividend Income Investor

September 22, 2016

Here’s another opportunity to get a free preview issue of an excellent newsletter: Conrad’s Utility Investor. You get a weird error message but the newsletter IS sent to your email.

https://conradsutilityinvestor.com/subscribe-today-to-receive-a-sample-issue-of-cui/

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Really interesting short article from McClellan Financial Publications:

http://www.mcoscillator.com/learning_center/weekly_chart/bond_market_knows_what_fed_should_do/

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Hill goes ugly in new vid:

https://www.washingtonpost.com/video/national/clinton-why-arent-i-50-points-ahead-of-trump/2016/09/21/d9142b3e-8072-11e6-9578-558cc125c7ba_video.html

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We already own MDLX which is debt issued by Medley Capital Corp. MCC, a Business Development Company.

We suggest you ADD to your position if you bought when we did.  If you do not own Medley you should buy the debt MDLX OR you could also consider the stock MCC.  The debt closed at $24.60 on Wednesday.

Note that 78% of the portfolio is in floating rate loans which is an advantage in a rising environment…altho the Fed is still keeping rates low….and also note this is callable at $25.00

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Medley LLC, 6.875% Notes due 2026, issued in $25 denominations, redeemable at the issuer’s option on or after 8/15/2019 at $25 per note plus accrued and unpaid interest, and maturing 8/15/2026. Interest distributions of 6.875% per annum ($1.71875 per annum or $0.429688 per quarter) will be paid quarterly on 2/15, 5/15, 8/15 & 11/15 to holders of record on the record date that will be 2/1, 5/1, 8/1 & 11/1 respectively

From http://www.seekingalpha.com

The company is set up as a closed-end fund with the following objective: “to generate current income and capital appreciation by lending to privately-held middle market companies, primarily through directly originated transactions, to help these companies expand their businesses, refinance and make acquisitions.”

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It is so disgusting to see FOX running ads for non-traded REITS (as bad as annuities) and gold coins. Stay away from these scams.

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CLICK HERE FOR Dividend Income Investor Core Portfolio SHOWING current holdings===WARNING:  MOST OF OUR POSITIONS ARE INTEREST RATE SENSITIVE.  IF RATES GO UP QUICKLY WE WILL WANT TO START SELLING.

CLICK HERE FOR our suggested financial websites.

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FED RAISES RATES ON WEDNESDAY? DOUBTFUL.

Welcome to Dividend Income Investor

September 19, 2016

The stock market will be quiet until the Fed meeting announcement on Wednesday.

As we have mentioned many times, it is very difficult to find positions at reasonable prices as income investors have driven prices to stratospheric heights due to the continued low interest policy of the Fed. 

Our focus has been to buy”new” issues when possible which provides us the ability to get in at lower offering prices.

If you have been buying the positions in the Core Portfolio for any reasonable amount of time (and at much lower prices contrasted to where they are today), you are quite happy with the dividends that you are receiving.

We love Corporate Bonds but there are currently no bargains either….most high quality bonds are paying one to two percent.  We have recently purchased a few risky corporates offering high rates.  But we do NOT intend to continue this policy.

We ARE watching BKLN or FTSL for a buy which could be a good position in a rising rate environment.

Highly respected Kiplinger finance is offering a free copy of their ‘income’ newsletter.  We suggest you take advantage of this opportunity.  (We are not currently a subscriber to any Kiplinger publications nor any other paid financial newsletter for that matter.)

https://www.kiplinger.com/store/samples/kv_recent_issue.pdf

CLICK HERE FOR Dividend Income Investor Core Portfolio SHOWING current holdings===WARNING:  MOST OF OUR POSITIONS ARE INTEREST RATE SENSITIVE.  IF RATES GO UP QUICKLY WE WILL WANT TO START SELLING.

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LUV THE DIVIDENDS

September 16, 2016

We have been hit with the turmoil in the markets over the last week.

But….if you have been following and buying the Core Portfolio since inception, we had a total of 19, yeah…nineteen positions giving us very nice dividends yesterday.

We are very happy that we were lucky, or smart, enough to sell NEP a while back.  This is taking a hit.

Going forward we are looking at numerous positions to BUY.  But even with the crazy markets, prices are still NOT coming back to prices that we want to pay.  We DO want to buy NEP again, and also SEP.  But of course if the markets tumble we could start selling as we have discussed many times.

We do NOT anticipate the stupid Fed raising rates before the election, especially now that Clinton is hurting….literally.  See below.

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We can’t wait to get the newest book on the Clintons.  See below.

Guilty As Sin

Guilty As Sin by Edward Klien

When FBI Director James Comey announced in July that Hillary Clinton would not be indicted for mishandling classified information, America was stunned.

Had the scandal-happy Clintons escaped justice once again? Not so fast, says investigative reporter and bestselling author Edward Klein. There is far more behind Comey’s shocking press conference than meets the eye–and a minefield of email evidence between Hillary and the White House.

In his astonishing new book, Klein uncovers the real story behind Hillary’s email scandals and the dirty political games that have kept her one step ahead of the law–for now. Klein reveals what the FBI’s team of 150+ investigators really found on Clinton’s server. How Comey originally threatened to resign over White House attempts to intervene in the investigation, and his secret plan to go around the Justice Department if needed. How an unprecedented Congressional investigation during an election year is uncovering new shocking evidence of corruption on a level some would call treason. And what Bill and Hillary still have left in their bag of tricks in their desperate quest to get back into the Oval Office.

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CHESAPEAKE CORPORATE BONDS ON SALE. BUY. TRUST IN MEDIA DECLINES.

September 14, 2016
Trust in corrupt media dies.  No Surprize!!!  From zerohedge.com:
 

Then today, we learned the following from Gallup:

 
 

WASHINGTON, D.C. — Americans’ trust and confidence in the mass media “to report the news fully, accurately and fairly” has dropped to its lowest level in Gallup polling history, with 32% saying they have a great deal or fair amount of trust in the media. This is down eight percentage points from last year.

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We have been seeing positive stories on Chesapeake Energy and are interested in buying a very few of their corporate bonds.  These are JUNK so you are taking some risk but we do NOT see this Company going under.  The bonds are ON SALE and that is the time to buy.
We are willing to take risk on his bond in order to get 9.5%.
CUSIP 165167CF2
Yield to Maturity:  9.5%
Maturity August 2020
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MOVIES. SULLY.  Fascinating back-story about the water landing, that you never heard about in the media.  Definite must see flick of the year.
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GOOGLE MANIPULATES SEARCH IN FAVOR OF HILLARY.  Prime example of media bias.

In this exclusive report, distinguished research psychologist Robert Epstein explains the new study and reviews evidence that Google’s search suggestions are biased in favor of Hillary Clinton. He estimates that biased search suggestions might be able to shift as many as 3 million votes in the upcoming presidential election in the US.

Biased search rankings can swing votes and alter opinions, and a new study shows that Google’s autocomplete can too. A scientific study I published last year showed that search rankings favoring one candidate can quickly convince undecided voters to vote for that candidate — as many as 80 percent of voters in some demographic groups. My latest research shows that a search engine could also shift votes and change opinions with another powerful tool: autocomplete. Because of recent claims that Google has been deliberately tinkering with search suggestions to make Hillary Clinton look good, this is probably a good time both to examine those claims and to look at my new research. As you will see, there is some cause for concern here.

Read more: https://sputniknews.com/us/20160912/1045214398/google-clinton-manipulation-election.html

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Why are so many men in their prime working years unemployed? The Obama administration would have us believe that unemployment is low in this country, but that is not true at all. In fact, one author quoted by NPR says that “it’s kind of worse than it was in the depression in 1940″.

Most Americans don’t realize this, but more men from ages 25 to 54 are “inactive” right now than was the case during the last recession.

We have millions upon millions of strong young men just sitting around doing nothing. They aren’t employed and they aren’t considered to be looking for employment either, and so they don’t show up in the official unemployment numbers. But they don’t have jobs, and nothing the Obama administration does can eliminate that fact.

http://theeconomiccollapseblog.com/archives/the-percentage-of-working-age-men-that-do-not-have-a-job-is-similar-to-the-great-depression

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Did you know this?

As noted by Steven DeSanctis, equity strategist at Jefferies, the sheer number of companies listed on stock exchanges has been dropping off precipitously.

The number of firms with shares publicly listed in the University of Chicago’s Center for Research in Security Prices aggregate index has fallen to 3,267 from a peak of 6,364 in 1997.

This, in fact, is the lowest number of listed stocks since 1984.

http://www.businessinsider.com/fewer-stocks-listed-on-stock-market-vanishing-2016-9

Please take our ten second POLL 

CLICK HERE FOR Dividend Income Investor Core Portfolio SHOWING current holdings===WARNING:  MOST OF OUR POSITIONS ARE INTEREST RATE SENSITIVE.  IF RATES GO UP QUICKLY WE WILL WANT TO START SELLING.

CLICK HERE FOR our suggested financial websites.

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BUY TDA 5.85% TELEPHONE AND DATA SYSTEMS. GOLD GGN STILL LOOKS GOOD FOR LONG TERM INVESTMENT

Welcome to Dividend Income Advisor

Friday

UPDATE:  As we write this, the stock market is down 230.  The Fed is once again yammering about raising rates.  There is virtually no chance of this happening before the election, as the Establishment wants Clinton to win.  And rising rates would kill her chances.  We anticipate Obama and the administration will put pressure on the Fed to hold off on any increases.

The Core Portfolio is dependent on low rates.  If the morons at the Fed insist on raising rates despite all the evidence of a poor economy, this may seriously affect the Core Portfolio.(we saw a significant decline on Friday, and this was just based on threats of rising rates)  We would have to consider selling all positions in the Portfolio.

For now we are waiting and watching.

Image result for 9-11 anniversary

September 8, 2016

We have been watching TDA for weeks, trying to ADD to our position.  We already own a small amount.

If you do not own TDA bonds this is a good time to get in.

We suggest buying at any price under $25.00…the “ask” is right now $25.08.  So we would be willing to buy UP to $25.10.

The bonds are potentially callable at $25.00 in December 2017 so you really cannot lose on this thing, unless they go bankrupt….and you earn dividends in the meantime.

“Telephone & Data Systems Inc. TDS and its wireless subsidiary United States Cellular Corp. USM reported strong financial results in the second quarter of 2016, wherein both the top and the bottom lines surpassed the respective Zacks Consensus Estimate.

As of Jun 30, 2016, Telephone & Data Systems had 590,200 residential wireline connections, up 0.4% year over year.The company exited the reported quarter with 334,900 commercial wireline connections, down 4.5% year over year.Total cable connections were 287,600, up 5.4% year over year.

On the other hand, U.S. Cellular exited the second quarter with a subscriber base of 4,973,000 compared with 4,779,000 at the end of the year-ago quarter. The postpaid subscriber base was 4,490,000 compared with 4,324,000 at the end of the prior-year quarter. The prepaid subscriber base totaled 413,000 compared with 368,000 at the end of the year-ago quarter.”

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We are still suggesting GGN the gold position for long term investors:  meaning 5-10 years. 

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The Clinton Foundation is a giant charity fraud.  Go here http://charlesortel.com/

To informed analysts, the Clinton Foundation appears to be a rogue charity that has neither been organized nor operated lawfully from inception in October 1997 to date–as you will grow to realize, it is a case study in international charity fraud, of mammoth proportions.

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Consumer Auto Loan Industry Collapsing.  Hillary says everything wonderful!!!!

http://www.zerohedge.com/news/2016-09-07/one-trillion-dollar-consumer-auto-loan-bubble-beginning-burst

Already, auto loan delinquencies are rising to very frightening levels.  In July, 60 day subprime loan delinquencies were up 13 percent on a month-over-month basis and were up 17 percent compared to the same month last year.

Prime delinquencies were up 12 percent on a month-over-month basis and were up 21 percent compared to the same month last year.

We have a huge crisis on our hands, and major auto lenders are setting aside massive amounts of cash in order to try to cover these losses.  The following comes from USA Today

 

In a quarterly filing with the Securities and Exchange Commission, Ford reported in the first half of this year it allowed $449 million for credit losses, a 34% increase from the first half of 2015.

General Motors reported in a similar filing that it set aside $864 million for credit losses in that same period of 2016, up 14% from a year earlier.

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HTF TRYING TO BUY MORE HORIZON TECH. BUYING ACCURIDE BONDS. WATCH TO BUY APU AND TDA.

September 2, 2016

Image result for LABOR DAY

Update:  We are still watching HTF and APU and TDA AND NEP to BUY.

We purchased a risky “Headin to Vegas” Corporate Bond from Accuride paying 11%.  Buy only two or three at most.  Cusip 00439TAE7.  This is a TURNAROUND play which is why the prices are at bargain levels.  We feel this position will do well.

“a diversified manufacturer of commercial vehicle components. Accuride is the largest North American manufacturer and supplier of wheels for heavy and medium duty trucks. Since our last review in September 2015, Accuride has expanded internationally through a joint venture in Italy, continued to introduce industry changing technology, and made internal adjustments to account for variations in product demand.”

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HTF has gone ex-dividend and we want to add to this position…..which we already own.

But they are keeping the price very high.  We have entered a BUY limit order at $25.36 and do NOT want to pay more.  If the price does not come back, just forget about trying to add.  The demand for yield positions is keeping prices too high.

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LINK TO CLINTON CASH, THE DOCUMENTARY:

http://www.breitbart.com/clinton-cash-movie/

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LAUGH OF THE DAY

“Director of First Impressions”

The above job listing on Craigslist.  A receptionist in today’s world is now a Director, and pays $12.00 LOLOL

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As old fogies we find looking at pictures of food and stupid videos on Facebook rather gross….and an extreme waste of time.  Instead of staring into the phone all day long, why not do something constructive?  Like maybe read a book?

We were really stunned in reading the Facebook article in Sunday’s New York Times.  Of course we knew that FB was extremely popular, especially in the younger crowds.  They can’t stay away.  It must drive employers crazy.

With the high readership levels, we have to wonder why the hell we didn’t start this blog on Facebook instead of this little hosting service.

Here are some excerpts from the article:

“A Pew study found that 44 percent of Americans read or watch news on Facebook.”  WOW!

“US Uncut, a left-leaning Facebook page and website with more than 1.5 million followers, about as many as MSNBC”  WOW!

In reality we are glad that people are getting away from the ultra liberal lame-stream press…maybe they will find the truth instead of the propaganda on NBC and CNN.

 

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BUYING BOND MDLX. POLLING IS HARD!!!

August 29, 2016

After a long hot no action summer we have been making changes in the Core Portfolio.

Due to stupid Fed rulings the medical marijuana position tanked and we sold at a loss.

We sold two other positions (at small profits) because of declining momentum and some illegal activities of a position.

And we have been unable to add to current positions on ex-dividend dates because yield investors keep driving prices beyond what we feel are reasonable.  We are still watching APU to BUY at a lower price.  Overall the entire Core Portfolio is acting very well and delivering nice dividends.

But we continue on the look-out for potential winners.  We are making another attempt on a new baby-bond issue. (exchange traded debt)

We are buying the bond MDLX paying 6.87% and maturing in 2026.  The first call date is 2019.

Here is some information from the website:

“Medley is a credit-focused asset management firm offering yield solutions to retail and institutional investors. Medley’s national direct origination franchise, with over 80 people, is a premier provider of capital to the middle market in the U.S. Medley has over $5 billion of assets under management in two business development companies, Medley Capital Corporation (NYSE: MCC) and Sierra Income Corporation, as well as private investment vehicles. Over the past 14 years, we have provided in excess of $6 billion of capital to over 300 companies across 35 industries in North America.”

Here is a very detailed article if you want more information:

http://seekingalpha.com/article/4001515-hidden-earning-power-medley-management

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Do you believe the polls???

The second unsettling trend is the rapidly declining response rate. When I first started doing telephone surveys in New Jersey in the late 1970s, we considered an 80 percent response rate acceptable, and even then we worried if the 20 percent we missed were different in attitudes and behaviors than the 80 percent we got. Enter answering machines and other technologies. By 1997, Pew’s response rate was 36 percent, and the decline has accelerated. By 2014 the response rate had fallen to 8 percent. As Nate Silver of fivethirtyeight.com recently observed, “The problem is simple but daunting. The foundation of opinion research has historically been the ability to draw a random sample of the population. That’s become much harder to do.”

Here is full article:  http://libertyblitzkrieg.com/2016/08/17/new-york-times-op-ed-issued-dire-warning-about-polling-in-2015/

 

 

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