I used to drink a 40 now and then, but that was back when I was in college.
Thanks for the laughs.
Friends, I am so happy this evening. Such a great day on Monday when I can sell my shares and support the public library in my community! Thanks so much for the great performance over the past few months.
In your debt,
I hesitate to make any stock recommendations at this time - as we don't know how the governmental shutdown will effect us all. However, I would say that people may want to stay in cash, or buy stocks that are trading at low multiples to their P/E ratio.
Wonderful news to my friends on the board. I will be selling all of my $8 shares of WWE on Monday.
Yes, I will have to pay some taxes, but will donate the proceeds to my local library and the soup kitchen in my hometown.
Another wonderful day for YOUR kaptain and the local charities that I support!
Thanks for the compliment - it is appreciated!
kaptain lou, the Baron of Bonds and Prince of Preferreds
Good question. There could certainly be more pain on the downside, but it is hard to predict. Overall, Congress will pass a budget and raise the debt ceiling - but how much panic will it cause in the short-term.
I've got cash on the sidelines waiting to deploy. Some of the REITs are getting pounded into the sand.
I thought we needed some comedy today, with the market being down.
Today also represents a great buying opportunity for a number of securities, if people have cash available. Take advantage while prices are low.
Wow, I am taking my profits to the bank after this major run-up in price over the past week!
It will be T-bone steaks and shrimp on the grill this fine weekend.
You picked up a nice capital gain, took the interest, and can now reinvest the funds in another security that may have a higher credit rating.
Still a big fan of NNN preferreds. They called my old ones with a coupon rate of 7.375%, but the NNN-PE is paying close to that now.
Looked at GKM. It was probably a decent purchase at $20, but have you considered selling now that the price is at $25?
Today I picked up shares of NNN-PE. They yield 7.2% and are investment grade. Might be a good time to move up in credit quality?
Good investment talk today - I like it. Sometimes there is right or wrong answer, it is just good to discuss even though we all may disagree in specific investments. Always a learning experience for everyone.
Like the company, and would say there is little to no chance of default on the security. Is the yield enough for you? It is about 6.2%.
Just my opinion, but I would prefer buying preferred shares of PSB at the current level. Very low debt level for PSB.
I am doing very well on paper too.
You can learn from me and drink from the Fountain of Investment Knowledge by reading all of my posts!
Paul, I just own a small amount of UZA now. The debt of the company may soon get downgraded, so you may want to wait a few weeks to purchase.
I expect that U.S. Cellular will someday get bought out by Verizon or AT&T, so it is possible the debt could be upgraded if that happens.
David, for now, I would probably avoid XKE. There was a buyout of the company a few years ago and Vornado is involved. The company is losing money and at least for now, I would avoid XKE.
CVB is a buy if you can get them near 10. It's callable at any time, buy just went ex-interest, so it is trading with about .06 cents of accrued interest. If you bought below $10, it is probably worth keeping if they don't call the issue for awhile.
Thanks for the idea. I have looked at them in the past, but have never purchased. They are on my watch list. Another idea with them: they also have some 6.25% senior notes that trade under the symbol of PNTA. Par value is $25 and they are now trading at $24. A combination of debt and equity with the company may be a good way to invest, should the common trade down a little.