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TANO TRAVELCENTERS OF AMERICA 8% BUY

(Update Feb 2016:  We SOLD TANO.  We are planning to buy again when the charts look better on this position.

December 19, 2014

To View Current Positions Go To Core Portfolio

You just have to laugh at the endless list of 2015 predictions that are flooding my mailbox and the financial websites.  These so called guru’s think they can forecast a whole year ahead, just like my very own never wrong crystal ball.  lolol  (Yes I am kidding.)

Give me a break.  These idiotic talking heads and managers are doing nothing but selling their money management services and feeding their ego.  I will continue to stay in conservative investments that return a reasonable yield..Never forget it’s not when you buy, it’s knowing when to SELL.)

(Monday Dec 22:  Oils are pulling back today but I think this is temporary,  The charts are telling us that the trend is higher.  Yes a lot of our holdings are being hurt by falling oil, but I suggest you continue to hold.)

TravelCenters is offering a very nice conservative investment that offers 8%.  There are not many investments that can give you relative safety and still offer a very high yield.
You should buy a small position in TANO UNDER $25.00.  This is debt (bonds) and callable in 2017.
These mini bonds are essentially corporate bonds that trade on the open market.   They mature at the $25.00 price so you do not want to pay more than $25 when buying.  There is a very small chance of losing money in this type of bond as long as you buy quality Companies….and these are individual bonds, NOT bond funds.  Do not buy bond funds, with some exceptions that we have in the Core Portfolio.
 
PR below:
December 9, 2014
 
TravelCenters of America LLC Prices $120.0 Million of 8.00% Unsecured Senior Notes Due
2029 WESTLAKE, Ohio
 
(NYSE: TA) today announced that it has priced a underwritten public offering of $120.0 million of 8.00% unsecured senior notes due December 15, 2029 (“Notes”).
 
TA intends to use the net proceeds from the offering for general business purposes, including acquisitions and construction of additional travel centers and convenience stores, funding capital improvements to its travel centers and convenience stores and other expansion activities. The settlement of the offering is expected to occur on December 16, 2014 subject to customary closing conditions. TA granted the underwriters an option to purchase up to an additional $18.0 million of additional Notes within 30 days solely to cover overallotments, if any. TA intends to apply to list the Notes on the
New York Stock Exchange under the ticker “TANO” and, if approved, expects trading to begin within 30 days after the original issue date of the Notes
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One comment on “TANO TRAVELCENTERS OF AMERICA 8% BUY

  1. […] We placed a limit buy order for TANO at 25.03. We owned this position last year and sold it before it tanked.  Due to various factors […]

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