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  • What's Going On At LSB Industries? [View article]
    Thanks for a good article describing the company and some of the challenges they currently have. While I don't own the common shares, I am long the 7.75% Senior Secured Bonds. They are trading at a very attractive price right now.
    Nov 16, 2015. 09:41 PM | Likes Like |Link to Comment
  • Rose Rock Midstream's DCF Likely Will Not Cover Its Next Distribution [View article]
    Dirk, if you like the company, another way to play them is to purchase their 5.625% bonds that are due in January 2022. They do not trade often, but last traded at 87 for a Yield to Maturity of about 8.2%. They are rated B1 / B.
    Nov 15, 2015. 10:39 AM | Likes Like |Link to Comment
  • Are You 'Long And Wrong' In The Bond Market? [View article]
    While many investors may be avoiding bonds at the present time, there are still some values out there. I assist with managing some pension assets for a municipal pension plan and we recently purchased a number of individual bonds that are rated about BBB and we went out about 6-8 years. In the long run, it was a better decision than sticking with "cash" or a short term bond fund that would yield less than 2%. We are getting about 3.5% on those bonds. In the real estate sector, we picked up bonds of O and NNN. Both of those companies are first class. In the energy sector, we liked the Baa2 rated bonds of PAA.

    For individual investors that want to buy bonds, you clearly want an account with Vanguard. Their bond desk is first class, you can buy online, and commissions are low.
    Nov 15, 2015. 01:35 AM | 1 Like Like |Link to Comment
  • Rose Rock Midstream's DCF Likely Will Not Cover Its Next Distribution [View article]
    Thanks for the article and the coverage on the company. They are still a decent play in the mid-stream area, but I will wait for the stock to drop a few more dollars before purchasing. The dividend will likely be cut, but there may be a good entry point sometime in the next 12 months.
    Nov 15, 2015. 01:19 AM | Likes Like |Link to Comment
  • TDG Portfolio: A Swap, A Drop - And How To Deal With A Flop [View article]
    Good article on a well diversified portfolio of growth and income stocks.

    While KMI has really lost value over the past year, the current price may provide a good entry point for additional shares. KMI also has a convertible preferred out now with a coupon rate of 9.75%. Shares convert into common stock in about three years, so this may be a decent option for both dividends and growth.
    Nov 9, 2015. 09:38 PM | 2 Likes Like |Link to Comment
  • 10.25% Yields With Dynagas LNG Partners, U.S. Dollar Bonds, Maturing October 2019 [View article]
    Thanks for a good article Randy. While the company does have some risks, I think the potential returns outweigh those risks. While the price of natural gas is low in the United States, it is much higher in Europe. This company operates in a niche market and I like the longer term contracts they have on the ships.
    Nov 6, 2015. 08:37 PM | Likes Like |Link to Comment
  • An Unsinkable 12.5% Yield From Dynagas LNG Partners Preferred [View article]
    Good article and a great discussion on a shipping company that is not widely followed. While I don't have much concern about the company's contracts with Gazprom, I would be more concerned about a shipping accident and the cost of clean up. However, the company is very profitable and has a place in the high risk section of my portfolio.

    Purchasing the bonds gets me a little higher up on the food chain, as they are senior to the preferred stock. Little trading volume on the bonds. The preferreds are traded daily with fair volume for small investors. At least for me, I've decided in invest in both the bonds and the preferreds. I'll hold the bonds until maturity and will collect a great yield on the preferreds in my retirement account.

    Thanks for a good and informative article.
    Nov 1, 2015. 12:41 PM | Likes Like |Link to Comment
  • This New Undervalued High-Dividend Stock Will More Than Double Its Dividend In 2014 [View article]
    I'm not sure if anyone is still following this company, but at the current level shares look very attractive. The current yield is over 9%, no debt and they operate as a storage company.
    Oct 31, 2015. 02:07 PM | 1 Like Like |Link to Comment
  • Realty Income: A 'No-Headache' Commercial REIT Yielding 4.5% [View article]
    While this is a great company, it is currently trading too high and I would not be a buyer at the current level. If the stock got down to $42 then I might be interested.

    The preferred stock of the company closed at $26.53 per share on Friday and is callable in February 2017, so the yield to call on the preferred is extremely low. I would avoid the preferred at the current level.
    Oct 31, 2015. 02:00 PM | Likes Like |Link to Comment
  • 8.25% Yields With DynaGas LNG Bonds, Maturing October 2019 [View article]
    Dirk - I agree, the common is thinly traded.

    At least for now, the preferred and the bonds look like a better play on the company.
    Oct 26, 2015. 10:14 PM | Likes Like |Link to Comment
  • 8.25% Yields With DynaGas LNG Bonds, Maturing October 2019 [View article]
    The bonds and preferred stock are both trading at attractive levels right now. Oddly enough, the common stock has moved very little while the bonds and preferreds are safer, but have both sunk in value.
    Oct 25, 2015. 09:43 PM | Likes Like |Link to Comment
  • REIT Dividends: Overrated? Highly Rated? - Neither [View article]
    tk11 - College campus housing could actually become somewhat of a risky business over the next 10 years and I avoid the sector at the present time. A number of colleges have overbuilt housing over the past 10 years and those units normally sit empty - as compared to normal apartment complexes which are easier to rent to the general public.

    Just as an example in my home state of PA - you can estimate the number of students entering college over the next 10 years based on the number of students in elementary, middle and high schools. Due to the family size getting smaller over the past number of years, college enrollment 10 years from now will actually be lower than the current level. The state system of higher education in PA actually has estimates on the number of students entering college and it will definitely be lower. There are private apartment complexes near some campuses that have occupancy rates of less than 60%.
    Oct 25, 2015. 09:40 PM | Likes Like |Link to Comment
  • REIT Dividends: Overrated? Highly Rated? - Neither [View article]
    Yes, they are closer to the five year low. I think the company is clearly undervalued at the present time and very little of their income is dependent upon Medicare or Medicaid. As a former CFO for a health care organization, we were always concerned about being too dependent upon the federal government for a large percentage of our income. Perhaps this I why I look more favorably on SNH than some other health care REITs.
    Oct 24, 2015. 12:33 PM | Likes Like |Link to Comment
  • REIT Dividends: Overrated? Highly Rated? - Neither [View article]
    Adam, nice article that discusses the dividends of REITs and how that may not be related to performance of the underlying stock. Picking REITs for individual investors may depend on their future financial needs: older investors may want the income for retirement, so they may select a company like MPW. Investors that are younger in age and may want capital appreciation may want to purchase a company like PSB, which has a much smaller dividend, but retains of their FFO to fuel future growth.

    Companies that have higher dividends should not be feared, or called sucker's yield, if they can comfortably cover the dividends with AFFO. I was a recent buyer of SNH when they were close to their 52 week low and think I was picking up quality real estate at about .70 cents on the dollar.
    Oct 22, 2015. 10:08 PM | 2 Likes Like |Link to Comment
  • Can Bluerock Residential's 9.5% Dividend Be Trusted? [View article]

    Thanks for the great comments on your company. It appears to be well run. This week your company issued some new preferred stock and it looks like a great holding for long term investors. I appreciate you posting on this website and making some informative statements about your holdings.
    Oct 21, 2015. 10:30 PM | 2 Likes Like |Link to Comment