Archive | June 2017

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ALSO BUYING OXXDP

June 9 2017 Oxford Lane Capital is selling a new TERM preferred issue with a coupon of 6.75%. OXLC is a closed end investment firm and must follow the leverage rules for senior securities and hold 200% of the value of their debt and preferred stocks in assets:  which adds a level of safety.  We […]

BUY NGGLP

June 9, 2017 NGL Energy (NYSE:NGL) is selling a fixed to floating rate preferred with an initial coupon of 9%.  Proceeds from this offering will be used to pay down the balance on their credit lines. NGL is an energy midstream company in the energy storage and pipeline business. Maturity is July 2022.  Coupon is […]

FAKE JOBS REPORTS. GO AWAY HILL. POTENTIAL BUYS.

June 7, 2017 GO TO CORE PORTFOLIO to see current positions. Next week, WHFBL (which is in the Core Portfolio) is going ex-dividend and the price will come down.  If you do not own, you can buy at the lower price.  We may decide to ADD to the position. We are looking at three potential […]

RILYZ. CENTURYLINK

(Update June 5, 2017.  RILYZ is already up to $25.45.  We purchased this position only a few days ago.  It is too LATE to buy now:  you have to get in right away when new issues start trading.) We bought a CenturyLink bond a while back.  But if you want to buy the stock CTL […]

RILYZ: BUY. NEW ISSUE.

June 1, 2017 We are trying to buy RILYZ (a brand new issue today) but pricing has spiked.  The limit order is at $25.11 but it is doubtful the order will get filled at that price. As we type the bond is priced at $25.24….which is higher than we like.  SO: we are watching as […]