May 24, 2017
Today we are buying a highly rated NON callable AT&T corporate bond. It gives us a decent 3.8% if held to maturity: not great but it is high quality. Everyone knows AT&T so we are not going into detail on the Company.
CUSIP 00206RCT7 Matures 2-17-2026
It is rather surprising that Trump still gets decent polls with all of the terrible press he is getting. Rasmussen is a reputable organization-unlike some of the other crap out there:
The Rasmussen Reports daily Presidential Tracking Poll for Tuesday shows that 46% of Likely U.S. Voters approve of President Trump’s job performance. Fifty-four percent (54%) disapprove.
Seventy-seven percent (77%) of Republicans approve of the job Trump is doing versus 82% of Democrats who disapprove. Among voters not affiliated with either major party, 46% approve; 54% disapprove.
We bought the Kemit individual corporate bond “on sale”. It has now been called giving us a very nice 7.5% profit in the price PLUS the dividends we received in just six months. We continue looking for distressed bonds as we have had very good luck.
The Sprint individual corporate bond that we purchased “on sale” has been fantastic. In a short time we have a 25% increase in price….AND we continue getting the dividends. This thing continues to slowly go up in price.