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Sthenelus Worldwide
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Sthenelus Worldwide is a loan acquisition company. Sthenelus Worldwide accepts loans from customers for specific assets and repays interest and principal. Frank A. Mancari manages Sthenelus Worldwide. Frank has many years of financial institution management and is also a partner in an insurance... More
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  • Sthenelus Worldwide's 3SLY Method 0 comments
    Apr 24, 2013 12:23 PM

    Sthenelus Worldwide is a loan acquisition company. We acquire loans, then purchase assets, and pay interest and principal back to our creditors. We have to pay interest and principal to our creditors per a written contractual obligation.

    As we are obligated to pay back principal and interest we must keep our asset portfolio safe, secure, stable, liquid, and yielding a return.

    The 3s (safe, secure, stable) refer to the stock categories we purchase. As a general rule we purchase stocks in the electric utilities, major drug manufacturers, major integrated oil and gas companies, and pipelines. Each have:

    1. Company financials are industry comparable and acceptable and from established companies(stable)
    2. A strong marketplace for products and services (secure);
    3. Low beta stocks (safe);
    4. They all are traded on major exchanges (liquid); and
    5. Produce dividends at a level that is above what we pay our creditors (yield).

    To keep the portfolio balanced we also own gold and silver ETFs, and S&P 500 long and short positions.

    The contractual obligation to repay our creditors keeps our portfolio pretty vanilla. We do own Seadrill (NYSE:SDRL) and Linn Energy (NASDAQ:LINE), both are small positions and both return a high dividend.

    Disclosure: I am long SDRL, LINE.

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