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4/29/16 - Student loans paid off six months before I planned on them being paid off. Basically every paycheck minus living expenses since last Oct went towards them. Lower end luxury car amount of money at close to 7% interest. Now I will have more disposable income than I can spend each... More
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  • Kingdom Of The Worm 8 comments
    May 30, 2014 6:03 PM | about stocks: OXLC, BQR, LTS, JDD, DNI

    No brief whining on my part of how my life's going? What? What's wrong with you User?

    I'm in a good mood! Currently, I just got off of work on the last day of my seven day rotation and have the week off. And Sunday is the day when the hospital switches over to a new computer system and they "go live". In honor of the event that I've been hearing about for months and forced training and with suck-ups volunteering to be super users and the bosses with nervous-glass smiles and such, I decided to print out a picture (you can guess which one) from this google-search:

    and taped it to the front of our unit's help manual. I like it better than the cartoon guy hitting the computer.

    (NASDAQ:OXLC) - bought a good size chunk of oxlco again last time. Now they're offering oxlcn - 2024 mandatory redeemable monthly pay with 8.12% yield on the par price. Should start trading over the counter next week before I get paid. If I can pick it up a bit under par, say for 24.5 or under, I'll take it.

    Or if some folks sell off oxlco because they want the higher yield on the new one and the price drops a bit, I may pick up more of that.

    LTS.A - wrote about last time. Close to 9% monthly payer. And I'm seeing the underlying company's name on more of the new issue preferreds that are coming to market.

    (NYSE:JDD) - wrote about it last time and cannot be bothered to even copy/paste again. Revised MA charts:

    Don't know. May have been one of those too early to sell and too late to buy situations.

    (NYSE:DNI) - same deal as above. Revised charts:

    Even worse than last time I wrote about it - market price is outrunning the nav. My priority is on distribution sustainability first and then the nav going up and the market price lagging when I want to buy something. My reasoning for this is that if I'm wrong, I want to get paid something (yield, distributions) to wait and I want to buy something when it's underpriced.

    (NYSE:PGZ) - something I wrote in the comment section last time. Revised charts:

    As you can see, the market price has jumped. Which irritates me. As it no longer even shows up on my standard screen.

    And there aren't that many funds that I don't own that meet my current screen criteria and have a moving average to the upside. Or haven't recently sold for a profit. This is kind of worrisome and why I listed the preferreds first. If sentiment changes against various classes of cefs, the preferreds may be nominally safer.

    But, one I found. Hippy shit! (NYSE:BQR):

    8.5% market dist rate. Quarterly. 10.5% discount.

    Archer's-Daniel and Monsanto and Tyson are listed as amongst their top-ten holdings:

    so maybe not as hippy as I first feared. Food is important. Water is and will be more important over the long haul. Both the semi-annual and annual reports are from last fall, so aren't' much good to me. What I can do is evaluate the nav of the fund and see it's turning around. And I like how the market price dropped today based on no news I can find.

    So. I am uneasy with how many, if not most, cefs have risen over the last few months. I'd like to buy into oxlcn for a first pick. (BQR) as a second. LTS.A as a third. Oxlco as a back-up option for a 1980's cd equivalent.

    As always, anything I buy will immediately drop in value. Anything I sell or pass on will increase.

    Best wishes!

    Stocks: OXLC, BQR, LTS, JDD, DNI
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Comments (8)
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  • User 7415181
    , contributor
    Comments (1040) | Send Message
    Author’s reply » This morning I was mulling over how much the things I like to invest in have risen this year and how it's harder to find discounts and way under-par preferreds. I'm going to have to branch out at some point beyond what I've been looking at if the slow grind up continues.


    I'm giving some thought to buying into something off of this site again:



    but am leary. 2X leverage with some nasty caveats in the prospectus of most of these makes them very risky.
    31 May 2014, 11:01 AM Reply Like
  • User 7415181
    , contributor
    Comments (1040) | Send Message
    Author’s reply » At this point, GRH.C is a consideration again. Probably going to lean towards a preferred on Friday.
    2 Jun 2014, 01:07 PM Reply Like
  • Unknown1234
    , contributor
    Comments (245) | Send Message
    We have similar CEF interests. I bought JDD few weeks ago as the discount was good and NAV was increasing. Few hours ago they released June Dividend. Its increased by a penny.


    I bought PGZ few days ago at 18.92 and it jumped the same day. Funds came because I bolted AWF(which decreased dividend significantly).


    Today I bought BWG in non retirement account(income has ST + LT gain as well) by selling NDP, probably a wrong move. I missed MIE before its recent rapid increase. I prefer ROC distribution with increasing NAV and widening discount.
    2 Jun 2014, 09:02 PM Reply Like
  • User 7415181
    , contributor
    Comments (1040) | Send Message
    Author’s reply » I saw you were following me so I started following you after I read some of your comments over the last few months - they are worth reading.


    It's been hard to pick a lousy cef since the turn of the year. Less current options available for a high yield and large discount and increasing nav when I run a quick screen. I'm giving some thought to doing what I did last summer which was to start buying preferreds under par and wait for the next market pull back before putting any more money in cefs.


    Of course, when I did that last year we had the taper tantrum. :)
    3 Jun 2014, 07:23 AM Reply Like
  • Unknown1234
    , contributor
    Comments (245) | Send Message
    My largest holdings continue to be JRI, EHI and IGD; all are up nicely. I did get out of JRS couple of months. I had opened that position on last day of the year. Feb dip was really the opportunity so far this year.


    I am now eyeing more JDD today, probably swapping (partly) out of ESD, which I have held since taper tantrum (and added more to it in Feb at 16.36).
    3 Jun 2014, 09:21 AM Reply Like
  • User 7415181
    , contributor
    Comments (1040) | Send Message
    Author’s reply » I didn't hold jdd long enough, but had to sell at the time to raise money for other things. Came across another one this morning - don't know if it would interest you or not.







    Another one of those unfortunate enough to start during the taper tantrum, yet the nav held up well over the last year even while the market price cratered. Add this as another possible buy for my Friday paycheck.
    3 Jun 2014, 01:14 PM Reply Like
  • Unknown1234
    , contributor
    Comments (245) | Send Message
    IVH is interesting as discount is good(duration little over 4 years). Take a look at ISD as well(duration is little over 2 years). I noticed it because of insider buying when the same person bought both ISD and GHY.
    3 Jun 2014, 10:36 PM Reply Like
  • User 7415181
    , contributor
    Comments (1040) | Send Message
    Author’s reply » LTS.A it was this morning.
    6 Jun 2014, 09:51 AM Reply Like
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