May 21, 2019. We are familiar with Travel Centers of American since we owned it many years ago. They run those huge truck stops that you see on the Interstates.
Their baby bond looks attractive at almost 8% return and we bought a small position of TANNL yesterday. The price is $25.21 and you should not pay a lot more than this.
TravelCenters of America LLC, 8.00% Senior Notes due 12/15/2029
Ticker Symbol: TANNL CUSIP: 894174309 Exchange: NGS Security Type: Exchange-Traded Debt Security
|QUANTUMONLINE.COM SECURITY DESCRIPTION: TravelCenters of America LLC, 8.00% Senior Notes due 2029, issued in $25 denominations, redeemable at the issuer’s option on or after 12/15/2017 at $25 per note plus accrued and unpaid interest, and maturing 12/15/2029. Interest distributions of 8.00% per annum ($2.00 per annum or $0.500 per quarter) will be paid quarterly on 2/28, 5/31, 8/31 & 11/30 to holders of record on the record date that will be 2/14, 5/15, 8/15 & 11/15 respectively (|
We got hit hard on DLNGPRB Dynagas LNG Partners-due to legal problems with the parent Company. There is a paper loss of 24%. Nothing that can be done right now. We will hold and anticipate some recovery on these preferreds.
We can remember as kids getting our FIRST telephone in the house many many decades back!!!! That was so exciting.
Now landline phones are being dropped like hot potatoes. Who in the hell needs a landline when everyone has cell phones/text/email. Wow how things change.
Trump pulls plug on Federal money for California train boondoggle.
Trump Cancels $929 Million For California’s High-Speed Rail Quagmire
Last October, Oracle co-founder Larry Ellison panned the $77 billion project.
“Trains leave when you don’t want to leave, from a place you don’t want to leave from, and take you to a place you don’t want to go to, at a time you don’t want to get there, and then you have to get into a car and go wherever you’re going. It is a crazy system.”