February 12, 2019. We saw a very positive article on one of our holdings this morning, talking about GLOP-A. (GLOPPRA at Fidelity)
With the market driving ever higher since the low in December, it is very difficult to find positions that are still a buy. GLOP-A is still trading BELOW what we paid, and if you do not own, now is the time to buy, or add to your positions.
The large PFF preferred stock ETF is repositioning its holdings and has decided, not for any fundamental reason, to sell all of its very large positions in GLOP-A and GLOP-B and has been doing so with vigor. We have presented evidence in the article that this temporary selling has kept GLOP-A and GLOP-B at prices much lower than they would trade if the selling was not happening, and believe that once PFF has completed the sale of its GLOP preferred stock holdings, that GLOP-A and GLOP-B will quickly move higher.
The Rasmussen Reports daily Presidential Tracking Poll for Monday shows that 52% of Likely U.S. Voters approve of President Trump’s job performance. Forty-seven percent (47%) disapprove.
Holy crap: e-commerce ‘returns’ are enormous.
Return rates for e-commerce purchases are between 25% and 30%, compared with just 9% for in-store purchases. Turning reverse logistics — the process of returning goods from end users back to their origins to either recapture value or properly dispose of material — into a costly and high-stakes matter for retailers.
BOOKS: Team of Vipers. Reading this new, very good book about the Trump election. Here is an excerpt from the book talking about the 2020 campaign.
(talking about the NFL kneelers) The Democrats, you watch, they’re going to nominate a kneeler, he crowed (Trump). They’re going to nominate a kneeler and I’m going to beat the hell out of them. He bit his bottom lip as he slowly punched the air with his right hand, like a champion boxer readying for another match. You can’t win a Democrat primary anymore unless you’re a kneeler. But you can’t win a general election if you hate the flag and the national anthem.
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