User Tools

Site Tools


info:misc_investing_notes_june_2008

This is an old revision of the document!


Tom evaluated OpD. Preferred of O realty. Pays 1.84375 coupon, callable 5/27/09. Recent quote at 24.45 on June 17 for 7.53% yield Divvy is monthly.

O common trades for 23.70 with a divvy of 1.66 yielding 7% paidmonthly

Tom evaluated COF-B, Capital One B preferred. Pays 1.88 3/15, 6/15, 9/15, 12/15 for a yield of 9.5% on a price of 19.67

New issue of C, CpM trades for $24.65 and yields 8.6%. Divvy is 2.12 on 3/15, 6/15, 9/15, 12/15

AEP_PA American Power 8.75% notes, 3/1, 6/1, 9/1, 12/1 $2.1875, 25.84 on June 21 yielding 8.48%

LSBDX and LSBRX are Loomis Sayles Bond Funds, 14.16 @ 7.67% and 14.12 @ 7.35% on June 21

FITBA preferred of Fifth Third bank, rated A1, 16.47 @ 10.99% pays 1.81

CMOpB, Capstead 12.78 @ 9.98% pays .105 monthly

Agricultural ETF of MOO 63.25 on june 24
Coal ETF of KOL on june 24 57.08
Short the financials with the ETF of SKF which was 137.65 on june 24

Re: FGP financials & $2 Divy??
Sept 2007 Still happy with my AOD, AWP, EBI, NRO. EOG, IGD, IGR, BWC etc etc.
think they are better long term investments with growth and good income…better diversity…and most pay you monthly. Also like SNH and HCN due to the baby boomers needing the services more and more for decades to come.

It depends on what part of the country you are in how competitive FGP is in the local market. FGP pays dividends out of cash flow. Check cash flow out first.

Also (may not be accurate due to faulty memory) seems that I remember something that management gets paid last…after dividends to unit holders. …so no bonus for them if dividend not paid or cut backed. In the sub notes somewhere.

Still like the funds and REITS better….at least while they remain sold off and cheap at the current prices.

June 27 2008 wisdom?

“Sell everything. Nothing's working. Revisit when the prices are adjusted for a big recession, soaring inflation and a crushed consumer. Sell at 12,000 and come back at 10,000. Even better: short it.” - Jim Cramer

I can't say I blame them. The market was built on the foundation of hope that the worst is over and sucked in quite a lot of money in that Bernanke “will save us” countertrend rally. But, like usual, it doesn't matter where we've been or what mistakes that already have been made by you or others, but where we're going now and how you're going to profit the most from it. There are opportunities out there - they just don't look like it. They never do in a market this ugly.

Be prepared to hear a litany of dire predictions now as people jump on the “sell everything” bandwagon by the very same people who were pounding on the table to buy stocks just a few short weeks ago. Ignore the noise and scare tactics and focus on what matters most - making good decisions and finding opportunities that do exist while people let their emotions get the better of them. That probably will be your one and only edge in this market, but it is a good one that has an unbelievably terrific track record.

info/misc_investing_notes_june_2008.1214634078.txt.gz · Last modified: 2008/06/28 02:21 by tomgee