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TravelCenters of America LLC Message Board

  • kaptain_lou kaptain_lou Mar 17, 2013 10:13 PM Flag

    Have investors here considered TANN ?

    Have any of the long investors here considered TANN? They are the 8.25% exchange traded bonds that Tragic Accident issued. They go ex-dividend (or is it ex-interest) on 3/27 and the interest payment is about .51 cents. They are clearly worth a look if you like the company.

    Plus, they are a decent holding in a tax-deferred account. Good holding for a regular or Roth IRA account. While I don't lke the common stock, the bonds really do look decent.

    kaptain lou

    Sentiment: Strong Sell

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    • I do own some of them. I like the risk/reward profile.

    • I've done lots of common stock investing/trading but I know little about senior notes (other than the wiki definition). Where did you find the ex-dividend date of March 27 and where is the best place to get the specifics on TANN?

      Thank you.

      • 3 Replies to uptabdowntab
      • Thanks to the investors that replied to your question. Quantumonline is probably the best place to find information on TANN. My TD Ameritrade account states that the ex-interest date is March 27, but the payment will likely be a little less this quarter as it will not be for quite the whole 90 days.

        However, if you like the company, TANN is probably a good way to play the company and pays very good interest. It's callable in 3 years, but is still worth a good look. The company has little debt and the default rate appears to be low.

        kaptain lou

      • This CAN be a great investment if you're looking to diversify against TA (long stock) this is a Debt instrument, which as a hedge will show strength in the company as this trades. "blueskydriving" has great comments below. So, as TANN trades (hopefully always above par-$25, the stock is worth owning. IF, this trades below par...TANN then shows the company could be in trouble, thus a dump of stock (pricing will reflect) so, having this investment as an indicator is actually a great instrument. As far as making's just the dividend, there's really won't be much upside, unless a bunch of div. hungry dumdums buy it up (in price), I personally think the note (TANN) will be called in 2016 (or it's first call date) there's no need for them to pay out this % when money is pretty much free. I'm not 100% sure why TA issued this, as they really didn't need the debt, BUT by doing it, and paying out this %div.rate, shows strength in the company to perform, so.....good? and bad? At this point I don't care, since it's an instrument to gauge TA stock pricing.

      • Google Quantomonline and do a symbol search for TANN ... if you sign up for an account you will get a lot of great information on TANN and many other income investments ...

        TravelCenters of America LLC., 8.25% Senior Notes due 2028, issued in $25 denominations, redeemable at the issuer's option on or after 1/15/2016 at $25 per note plus accrued and unpaid interest, and maturing 1/15/2028. Interest distributions of 8.25% per annum ($2.0625 per annum or $0.515625 per quarter) will be paid quarterly on 1/15, 4/15, 7/15 & 10/15 to holders of record on the record date that will be 1/1, 4/1, 7/1 & 10/1 respectively (NOTE: the ex-dividend date is at least 2 business days prior to the record date).

6.55-0.15(-2.24%)Oct 25 4:00 PMEDT