September 18, 2019. We should have clarified yesterday that we own only three Ferrellgas bonds, and it is usually difficult to get bids on this small number. We are still trying to sell these. If you own ten or more, you will get a bid. Sell them.
OXLCO goes ex-dividend tomorrow. We may place a buy order at $25.34.
Although we own three Defined Maturity Bond ETFs in the Core Portfolio, we assume most people do not understand these investment vehicles. Every so often we see a really good excellent article that explains a financial product. YOUR ASSIGNMENT TODAY!!!!!!! We suggest everyone read the linked article and become familiar with defined bond ETFs. The yield is terrible for these funds right now and unless you are happy with low yields (and relative safety) this is not the time to buy, but you should be aware of the advantages they offer. https://seekingalpha.com/article/4292120-overlooked-bond-vehicle-defined-maturity-bond-etfs?ifp=0&app=1
Here is another article talking about NLY preferreds, three of which we own. Again, this is not the time to buy but if you own these, read this article.
NOW IN OUR 7TH YEAR. NOTE TO NEW READERS: Before you buy anything we discuss here, GO to the Core Portfolio tab to see a CURRENT listing of holdings. This “free” blog is designed for investors seeking income by using preferreds, BDCs, REITs, baby bonds and corporate bonds. Don’t forget to hit the like button. Go Here For “About“
Colony Capital has been one of the worst positions in the Core Portfolio. We keep reading stories that they are turning this train wreck around. But it is not happening. Here is yet another discussion talking about taking 2 years to get it fixed. We have a very tiny position and will continue holding, getting the dividends.