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iShares FTSE NAREIT Mort Plus Cp Idx Message Board

h5n1eric 15 posts  |  Last Activity: Sep 3, 2014 12:17 AM Member since: Jan 15, 2009
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  • Reply to

    Prefered Shares

    by yp_brad_brooklyn_park Aug 30, 2014 9:06 PM
    h5n1eric h5n1eric Sep 3, 2014 12:17 AM Flag

    I can see by some posts, some do not like preferreds - but there are different reasons for buying common & preferreds....I personally like the 'cash flows' of a fixed payout & quite decent yields.. So, basically, they are like bonds without a definite maturity date...i.e. can run well past the 'expire dates'....buy no, they cannot appreciate much, if any....IT'S LIKE A BOND, AS I SAY
    I will say that if anyone chooses to buy preferreds, they need a different mindset ( of never selling them -for me, they are 'hold forever' instruments...within my IRA) If rates rise, yes, the stock price can/will fall - but I am accepting of that, and just buy more shares every quarter. Years ago, when preferreds dropped on ones like CBL / DDR , I was buying them at 16% yields...Frankly, I actually do not mind when they weaken in price, as I get a better yield on new money invested.
    And like another person in here, I tend to like the longer maturity dates...and I try to buy them at par (25) or below, if I can NRF-C/D/E ...RSO-B/C ... LTS-A ...Those are some you can check out...Try "dividendyieldhunter" website ... 'preferreds / yield'...and you can find different ones.
    One puzzle...DAR...whom I respect, stated that NRF preferreds were weaker after the latest deal...So, I can only assume that also makes NRF common, weaker too? seems logical....
    Why not give LTSPRA a look-see ...pays monthly...a non-reit so subject to a lower divvy tax, if not within an IRA...and sells about $2 below par (oh, I do have one piddly common stock...just 1,000 shares of RSO , paying over 14% ...but only 1% or so, of my portfolio...just a tad of spice, but I'm waiting for them to lower their divvy...smile...we'll see?? Even I get leery of 14%+ divys nowadays....but in recessions when the preferreds might get hammered like the DDR preferreds, well, I was buying them.

  • h5n1eric h5n1eric Aug 11, 2014 5:39 PM Flag

    oops...gosh darn...WRONG BOARD....hahaha...just woke up from a nap...so, excuse me (gave you some RSO-C data by mistake)...Ahhhh...so anywayyyyy...I don't think LTS will be issuing new shares...they've actually been on A BUYBACK BINGE RECENTLY...DOESN'T MAKE SENSE...I'll look around Friday, to see where my next divys go...maybe the LTS-A as I said....(darn thing had a good pop today, tho - but I'm in preferreds for the long haul...) have a good day / was a great day for the common holders !

  • h5n1eric h5n1eric Aug 11, 2014 5:35 PM Flag

    Well, they just issued a new preferred stock recently:
    Date Issued 6/9/2014
    Shares Issued 4,400,000 Over-allotment Shares 660,000
    S&P Rating NR Moodys Rating NR
    Security Ticker Symbol RSO-C
    ....so, I don't think they'll be looking to dilute the common shares right now, given the price...but I've got some cash coming soon, so I may grab some common...I was going to get some more LTS-A on Friday, but it popped up 3% today....grrrrr....or, maybe just go for some RSO-C...or ??

  • Reply to

    Short term rates will head higher

    by bankonits Jul 31, 2014 9:44 AM
    h5n1eric h5n1eric Aug 1, 2014 12:08 AM Flag

    A year ago, when people were saying rates would zoom higher...I felt NOT...I did not see the economy as being all that strong, nor inflation a big issue...none of the factors that push rates higher + the EUROZONE rates have continued to drop...signaling deflation/recession / slow growth / stagnation?...whatever...But, if rates did zoom up, I suspect that would hurt the markets and borrowing costs of govt...all BS actually - the only real driver of this 5 yr recovery has been the FED...That's what's propped up all asset PRICES...Just like WEIMAR, imo...pretty fake "karp".... We'll see (assuming the FED ever stops 'helping') just how strong this place is...I think it's like a HOUSE OF ROTTON CARDS....with a rotten administration....THE HOLE HAS BEEN DUG DEEP...I think we'll see some bad times soon....then rates will fall back down (assuming they ever get to 3%).....AND THEN the FED will come right back and we'll have "QE INFINITY + 1"...zzzzzzz

  • h5n1eric h5n1eric Jun 30, 2014 11:54 PM Flag

    Probably will sound a bit 'odd', but I hope it drops another buck...and yields 9.5%...as I'm adding to this particular preferred right now - next 'deposit' in mid-August, when the divys pile up. (have other preferreds - this is just the latest one)...The preferreds can go up or down in price, but the cash flows remain the same, so I'm just not all that concerned about "price"...I really treat the investments like I would a bond or CD...(we baby boomers are gonna need 'cash flow' supplements...pretty hard to find decent yields right now)

  • h5n1eric h5n1eric Jun 29, 2014 3:22 PM Flag

    Well, at the current price, the A preferred yields 9.07%...fixed payout, every month...Also subject to the lower dividend tax rate (non reit)...and selling quite a bit below par ($25), so also has some upside potential along with the current dividend. But "to each his/her own"...I like them within my IRA account, and just continue to push the dividends into more preferreds, for the nominal, fixed cash flows....I care NOT, what the price does...

  • Reply to

    NRF preferred issues

    by jrstewart73 Jun 20, 2014 4:23 PM
    h5n1eric h5n1eric Jun 20, 2014 7:20 PM Flag

    pretty much like 'dar' said... & It's just darned hard to find any decent yield (which baby boomers are gonna want...cash flow!...so, some will get bid over $25...esp if maturity date is far off...but they never seem to expire them on time, anyway)...I did like 'aristocrat' stocks with their divvy growth rates, etc...but common stocks are too darned high for me right now (but that's just me). So, I do have many preferred stocks now....I have lots of NRF preferred shares and some RSO preferreds...so, I'm now banging away at the new LTS-A preferred...9.06%...non-reit, so taxed at the lower divvy tax rate...pays out monthly, so a bit of fun....just spreading the money around, whenever I get the divys piling up, in my IRA.
    (I DID GET 25 CENTS in interest THIS MONTH, on my $31k sitting in a CHASE saving's acct !!...but that's "quick, get-out-of-town" under the mattress, money)

  • Reply to

    LTS-A (22.23 = 9% YIELD)

    by h5n1eric Jun 5, 2014 12:58 PM
    h5n1eric h5n1eric Jun 7, 2014 5:11 PM Flag

    Well, I did read an article that it's taxed at the lower, 'dividend tax' rate...as it's a non-REIT...As for any 'return of capital' stuff, I did try to check awhile back, but never found anything on that - but I just keep all my preferreds within an IRA, so I don't tend to pay much attn. to the tax consequences right now. So, that's about all I know, from one article I read.

  • Reply to

    Pfd A & E

    by dar200 May 30, 2014 2:55 PM
    h5n1eric h5n1eric Jun 6, 2014 12:12 AM Flag

    I will say that the E is still being sold into the market...new issuance....and has heavy volume. So, that's probably the main reason the E remains a bit depressed...and the yield a bit higher than the other NRF preferreds...The same has been true of LTS-A...That company is selling the 'A' preferred into the market to raise cash...to reduce their debt. So, I feel that one is also a good candidate for purchase...i.e....I like them depressed now - higher yields (full disclosure: I did opt for some LTS-A today at 22.23 = 9%). Yes, if rates rise, the fixed income preferreds can wilt, on 'price'...but I don't mind...I just add more whenever I can, for the CASH FLOWS, within my tax deferred IRA...So, take em' lower...jack up the yield !)

  • Oh heck, I'll take that today...but yeah, if rates do rise (and they may), then the 'price' of the preferred stock can pull back more...and yeah, I'll buy more...just keep cost averaging it, as my dividends roll in, from other preferreds I own...For me, it's ONLY about CASH FLOW (nominal)...I don't plan on selling the preferreds I own, so I pay no attn. to the "price"...(IF THE PRICE DROPS, RAISING THE YIELD...FINE WITH ME)To each, his/her own (way of investing)...oh, I do have them within an IRA.

  • Reply to

    LTS-A Preferred

    by dukdre23 May 21, 2014 9:05 PM
    h5n1eric h5n1eric May 26, 2014 10:33 PM Flag

    FOR ME...It's ALL about CASH FLOW...'price' can go where it wants to go...the cash flow remains FIXED....and if the price drops, fine...ADD MORE...get even more CASH FLOW...(which many of those 79 million baby boomers need, given the lousy yields on saving's accts / CD's / Treasuries / etc...!! )

    Sentiment: Buy

  • Reply to

    LTS-A Preferred

    by dukdre23 May 21, 2014 9:05 PM
    h5n1eric h5n1eric May 26, 2014 10:28 PM Flag

    FINE WITH ME...PUSH IT DOWN / RAISE THE YIELD. I've been thru this with other preferreds I owned in the past...like AHT-D...that got wildly out of kilter with their other preferreds...I just buy more preferreds quarterly, as my dividends pile up...Right now, I'll go with more LTS-A...or maybe some new NRF-E series...if they push new supply onto the market, on that one (but do not own it yet...have the C/D)...My next "dividend pile" will be in mid-August...and right now, I'd push it into either the LTS-A or maybe the new NRF-E. Just keep PLOWING THE DIVYS BACK IN...NO QUESTIONS ASKED !...Lower prices and higher yields...IS A GIFT...A GIFT.

  • Reply to

    What will happen to the preferred?

    by rllayton Apr 28, 2014 6:15 PM
    h5n1eric h5n1eric May 8, 2014 12:10 AM Flag

    ps...I just saw a Forbes article stating that the x date on the preferreds is 5/9 ...I thought it was 5/8 , so I went into Fidelity - they say it's the 8th...So, someone's got it wrong...zzzz...So, MAYBE IT IS THE 9TH...and why I did not see the usual pre-x date pullback? Whatever...it'll be what it'll be....does it matter...no. (by the 15th, I'll have accumulated my next divys for the quarter...and decide where to put that. I just keep 'plowing' the divys back in, every quarter (RSO has been such a "dog", pricewise, but I did get a tad today...very small amt....14.7% yield...scary...whatever)


  • Reply to

    What will happen to the preferred?

    by rllayton Apr 28, 2014 6:15 PM
    h5n1eric h5n1eric May 7, 2014 11:59 PM Flag

    I think it would depend on the 'expiration dates', perhaps...i.e. the A&B have passed their expiry dates...but the C&D have a long time to go - I'd assume they'd either honor the 'maturity dates (of the C&D)...or, pay the interest up to those dates, in a lump sum...doubtful. I did read that many times, an acquiring company just continues to honor the preferreds & chooses not to expire them. But since it now looks like there will be no takeover, it may be a mute point.

    Actually, today, I was a bit surprised not to see a slump in the share prices of the preferreds, just before they go x divy...I think that's "a first"...they just stayed strong, going into day's end...I still have to think that their are many seniors looking for high yield fixed (payouts) income...for the cash flows.

  • whatever...initial position...SMALL...Maybe cost avg it later...we'll see ...and get some divys to 'buffer' it

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