Looking for a investment I could count on I have watched these for years and issues low bids but never bought. Two big bank Preferred that can't be Called. The Dividend was never missed even during the 2008 -09 downturn. The face value is $1000 and the current yield is 6.15%. Bank of America BAC/PL last price is $1180 in 2009 at the darkest time it was above $900. Wells Fargo WCF/PL last price $1220. The only risk to interest income is BK or a downturn worse than 2008. The price is subject to interest rate risk. IMO the yield and safety compares favorably to a Annuity at a lower expense and more flexibility.
Slick we all know your feeble mind is looking for the perfect buying opportunity, same as my feeble mind:) If it comes it comes, you can't talk it or wish it.
Can't wait for news of the first spin off.
Sentiment: Strong Buy
SDRL suprised me with its Divy cancellation but the move showed decisive leadership instead of "death by a thousand cuts". The Linn PPS is held up by the big Distribution a cut or cancellation may make it a single digit stock. I read LINE is hedged only through 2015.
Ps shingles is reoccurring you can get it time after time and it damages your nerve endings and can lead to a life of never ending pain .
Shingles is a cause of mental illness. It hurts so much people attempt suicide per my daughter the Psyc. Nurse. I received mine at WalMart and was completely covered by insurance. Don't take a chance get the vaccine asap.
There was a nice article in WSJ about a Hedge a Funds buying Senior debt in weak energy companies with valuable assets . The idea was to buy for 40cents or so on the Dollar and waiting it out for energy to turn. It should work unless it don't:)
If you friend is correct about $55 oil there will be world instability that could lead to thermonuclear war. The despots that hold there position in the world will not melt away quietly. But no worry we have Obama to take care of it.
Bought PSEC and PSX. PSX will provide some end stream exposure so can benefit from the peanuts and rubbers the happy motorists buy with the cheap gas.:)
Friday open with low ball oil futures. This will be a short day with many traders off ans mischief will be afoot. This will not be a day to sell but might be a buy day. I plan to rake the yard and hit the long overdue "honey-do " list, under the strict supervision of Mrs. Phil :) May check market before closing
The benefit of cheap oil for retail will not be across the board and may only be short term. The retailers that cater to lower income consumers will benefit. For instance WalMart, Family a Dollar and other middle- low end retailers. As tjdevlin notes some regions will lose jobs ans suffer economic decline with lower oil prices.
The government owned oil exporting nations will suffer as they lose income to fund social programs and destabilize . Russia is in trouble and will strike out militarily. The biggest problem for the United States is the lack of coherent leadership at the National level to tackle the problem. Another round of a golf and a fund raiser want cut it.
I done believe anything in the media about what will or might happen at the OPEC meeting. The Saud will do what they prescieve to be in there best interest. I doubt very seriously that any leadership is or will be exerted on any issue until after the next Presidential election.