yea, FRC best comp is the 5.60% FSR-C and its only at 25 with a div close at hand...........................SCU I can't find anything!
xxav, they ever have periods like this before when they were down?I only started using em maybe 6 months ago. I do like "The Yield Hunter" as an alternative though. You sign up for "free" alerts and get an email when new IPO comes up.
yea, thats been goin on for over a week I dunno whats goin on but they insist they ain't closing down. And that beter be true because 3 mo ago they asked for donations.I use The Yield Hunter as a backup
oops, I take that back..............he still owns 78,000 of FSAM. Well he's having a jolly good day...NOT!!
I'm stayin away from ECRPP for now but only since I don't wanna get any heavier in Preferreds right now but ECC has a nice dividend on its own. Reik is right though they are pretty new, ECC did their IPO in Oct. 2014 so not even a year in.
yer right, it isn't really strong demand. If it was the volume would much higher than its been so far./,....for sure CUBS is thin, I think they traded less than 2500 total today.
Got CUBZP at 25.25, had bids in lower for 2 days and wouldn't fill so raised it .No other IPO's trade above par, that shows me good demand.Part I never saw was the 5.30% + 3 mo Libor after duration. May have been in many others just never saw it...............................
reik, you check the new issue CUBZ? Interesting option at 2020 it will pay 5.30% + 3 mo Libor.Never saw that before.............picked up just 1000 sh for now.
TNP-D is a victim of raging Bond prices the last couple weeks.Almost all prefs got hammered as TLT slammed through all resistance down to 119 from 134. I sold it at 24.85 only to move big into JPM-F last week.I dunno how many shares in TNP-D have been sold since IPO but if your holding long-term your ok. Look at NYMTO, a new one down to 23.35 today. and many others down but some recovered.
they all getting reamed, even new issues. Today GLAD issued a new monthly payer started trading in grey market (GLDTP) only 1.4 million shares.So far they only sold 1800 shares imagine how illiquid that'll be
I also reloaded jpm-f twice yesterday, early at 25.06 then late in day at 24.80........................others getting whacked but staying with the liquid bets for now.Tomorrow may be interesting ...........
now trading above book......................if it rallies watch for SPO. I bet they been salivating at the chance to add to their AUM.