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BUY CORPORATE BONDS R.R. Donnelley & Sons Company

October 22. 2014.  Go to “Core Portfolio” for current holdings.  Hit the “Follow” button to get updates. 

Is anyone surprised:  Nearly 7 in 10 Americans are angry at the direction the country is headed and 53% of Americans disapprove of President Barack Obama’s job performance, two troubling signs for Democrats one week before the midterm elections, a new CNN/ORC International Poll shows.

(Update Monday:  Fully invested.  They are supporting the markets going into the elections.  I would NOT be buying any new stock positions or adding right now….unless I see some bonds or fixed income positions that look tempting.  The weekly commentary from Arlington Capital Mgt is a must read (I have NO relationship with them):  https://www.arlington-capital.com/Blog/tabid/183/EntryId/151/A-V-Shaped-Bottom-to-Correction-or-More-to-Come.aspx)

Is Hillary really that STUPID?????  “Don’t let anybody tell you it’s corporations and businesses create jobs,” Clinton said.

(SOLD BDCL.  Starting to look weak.  We made money but I want to sell weaker positions as I am concerned about the markets going into the November elections.) 

As regular readers know, I really like individual corporate bonds.  (not bond funds)  I have had good luck with corporates and I have been suggesting corporate defined maturity etf’s recently.  The entire list is in the Core Portfolio.



Most people are not aware of corporates.  Brokers do not make any money selling you corporates, advisors seem to have no interest in corporates, and CNBC never talks about them.  But Corporates are a huge market and you should get educated on this segment of the financial markets.

Corporates are similar to a Treasury issued by the USA, except that corporates are issued by Companies.  Unless the Company goes bankrupt (which is a potential like the JC Penney bonds that I own) your money is typically safe—when the bond matures you get your money back plus the dividends you earned.  It is So important that you buy quality Companies and not crappy Corporates from crappy Companies..

Which leads me to a Corporate bond that I am suggesting you look at.

R.R. Donnelley & Sons Company is a global provider of communication services.  It has over 60,000 customers with expected 2014 revenue in the $11.5 to $11.8 billion range. They have had troubles in the past but it appears they are making a turn around.

2024 maturing notes, CUSIP 257867BB6

Providing over 6%.  Do not buy more than two or three bonds which will cost you around $1000 each.  Always buy small amounts (of any position that you purchase) to reduce your risk of defaults.

One more point:  do not get suckered into bonds that mature in 2045 or 2038—-way out there.  You don’t know what the hell is going to happen 20 or 30 years out!!!


Billionaire activist investor Carl Icahn also had some skeptical words about the Fed from the same conference, Zero Hedge reported.

“The Fed is really holding the market up. . . . The Fed turned this market around here because it let it be known that the Fed funds rate isn’t going to be raised in March. I am concerned about the high-yield market, I think that’s in a major bubble, but nobody knows when it’s gonna burst,” Icahn said, according to Zero Hedge.


The big networks LOVE Obama.  lol.  The nation’s Big Three TV networks that breathlessly reported the 2006 anti-Bush election which gave Democrats control of Capitol Hill have practically ignored this year’s anti-Obama midterms that are expected to return full control of the Hill to the GOP.

One comment on “BUY CORPORATE BONDS R.R. Donnelley & Sons Company

  1. […] Donnelly is in the “old” industry of printing and is in the process of trying to turn it…  But it’s not working as well as we had hoped when be bought this bond.  We are selling the corporate bond that we hold in the Core Portfolio.  The next dividend payment is not until later this year.  And it does not mature until 2024 at which time we get our money back.  But we just don’t want to take the risk and wait that long. […]

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