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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 fixed at 9% until July 2022 and then floats at 7.21% plus three month Libor

The symbol is NGGLP.  Buy under $25.00:  this is a new issue and you want to get in now.

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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 new position buys next week and will post any actions here.  Also note that there are increasing concerns that Trump will not get his programs approved…..and the so-called “smart money” crowd is forecasting a stock market decline.  Be extra vigilant in watching your portfolios.  We are NOT going to hesitate in selling if things go bad.  Also note that the dollar and ten year Treasury is declining and gold is heading up….our gold position is GGN.


If you own SBLKL (which is in the Core Portfolio) this is a link to an article suggesting you may want to sell.  We have realized an excellent dividend income from this position. and will continue to do so as we are HOLDING.



Truly amazing article on the fake jobs reports.  We have been talking about this endlessly in prior posts…..but you will never hear it in the liberal fake news networks.



The radical liberals asking CLINTON to go away.  LOLOLOL

The consensus among former Clinton aides, former Obama aides, and Democratic strategists is that Clinton’s remarks blaming the Democratic National Committee and others for her election loss are hurting her image and the image of the Democratic Party, the Hill reported.

“She’s apparently still really, really angry. I mean, we all are. The election was stolen from her, and that’s how she feels,” one longtime Clinton aide said.
“But to go out there publicly again and again and talk about it? And then blame the DNC? It’s not helpful to Democrats. It’s not helpful to the country, and I don’t think it’s helpful to her,” the aide added.
Former DNC Data Director Andrew Therriault was a lot less restrained in his criticism of Clinton, calling her accusations against the DNC “fucking bullshit.”

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(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 it is paying over 8%.  (The bonds are still a buy IF they are available=have not checked.) 

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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 the price MAY COME BACK DOWN but we may give in and pay more than we should.

You can decide if you want to buy, and at what price.    

From Yield Hunter.com:

Financial services firm B Riley Financial (NASDAQ:RILY) has sold a new baby bond issue.  The issue has a coupon of 7.5% and a maturity date in 2027 which are terms that are very enticing to us.

B Riley is a Los Angeles based financial services company that provides a full array of corporate finance, research, sales and trading services to corporate, institutional and high net worth clients.  B Riley came public in 1997 and by and large they have been reasonably profitable, although they had a bit of a slip in 2014 when they had a loss.  The company is not a large firm garnering revenue in 2016 of just $190 million.


Go here for the complete description:


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May 31, 2017

We already own TCCA in the Core Portfolio.  But if you do NOT own, now is the time to buy.  This position just went ex-dividend.  This would also be a good time to ADD (buy more) to the position.

We look at virtually dozens of potential new investments every day, but everything is really over=priced in our opinion.  BUT we are watching for the new RILYZ to start trading and may buy.



The electoral results last November have been repeated enough that most people in politics know them by heart. Republicans now control 68 state legislative chambers, while Democrats only control 31. Republicans flipped three more governors’ seats last year and now control an incredible 33 of those offices. Since 2008, when Barack Obama first took office, Republicans have gained somewhere around 900 to 1,000 seats overall.

There are a lot of reasons for this. But there’s no way to spin some of these numbers in a way that doesn’t speak to the awesome unpopularity of the blue party. A recent series of Gallup polls is the most frightening example.

Unsurprisingly, the disintegrating Trump bears a historically low approval rating. But polls also show that the Democratic Party has lost five percentage points in its own approval rating dating back to November, when it was at 45 percent.

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May 26, 2017

On May 10 we bought GASLog symbol GLOPPRA.  Yesterday we noticed the following analysis on the Company.  It is still not too late to buy this position.


GO TO CORE PORTFOLIO to see current positions.

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Margaret Thatcher once said that the problem with socialism “is that eventually you run out of other people’s money”.  As you will see below, the combined enrollment in America’s four largest safety net programs has reached a staggering 236 million.  Of course that doesn’t mean that 236 million people are getting benefits from the government each month because there is overlap between the various programs.  For example, many Americans that are on Medicaid are also on food stamps, and many Americans that are on Medicare are also on Social Security.  But even accounting for that, most experts estimate that the number of Americans that are dependent on the federal government month after month is well over 100 million.  And now that so many people are addicted to government handouts, can we ever return to a culture of independence and self-sufficiency?

On Wednesday, CNN ran an editorial by Bernie Sanders in which he called President Trump’s proposed budget “immoral” because it would cut funding for government aid programs.

But is it moral to steal more than a hundred million dollars from future generations of Americans every single hour of every single day to pay for these programs?

There will always be some Americans that are unable to take care of themselves, and we should want to help them.

But as millions upon millions of Americans continue to jump on to the safety net, eventually we are going to get to the point where it is going to break.

As I mentioned above, the combined enrollment in the four largest safety net programs has reached a new all-time record high…


More than 74 million Americans are on Medicaid and CHIP (Children’s Health Insurance Program).

More than  58 million Americans are on Medicare.

More than 60 million Americans are on Social Security.

Approximately 44 million Americans are on food stamps.  And even though we are supposedly in an “economic recovery”, this number is still dramatically higher than the 26 million Americans that were on food stamps prior to the last financial crisis.

When you add the figures for those four programs together, you get a grand total of 236 million, and that doesn’t even count any of the other federal programs which are helping people.

Once again, there is overlap in enrollment between these various programs, but even accounting for that most experts believe that well over a third of the country is currently receiving benefits from the government each month.

How far down this road do we have to go before people start calling it “socialism”?



BOOKS:  Shattered.  Coming in at 464 long long pages, the new Hillary book Shattered makes for fun reading.

So why would anyone want to read about the election six months after the fact.

Well I guess when you DESPISE the crooked Hillary (and Bill—and Obammer for that matter) as much as we do, we love to learn more about the failure of the first female president’s campaign.

Shattered is the detailed behind the scenes look at the Hillary campaign.  For those political junkies out there, this is a must read. (Read the last chapters first!!)

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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

GO TO CORE PORTFOLIO to see current positions.


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.

Please give us your opinion and link into our ten second POLL 


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.

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