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MartyFL

MartyFL
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  • The Pros And Cons Of Master Limited Partnerships: An Investor View [View article]
    Thanks William. Never too late.
    Oct 19 04:37 PM | Likes Like |Link to Comment
  • Trying To Beat The Market Is A Fool's Errand [View article]
    Chuck, Forget my prior comment. Something was up with my PC or SA. Those comments are back up.
    Oct 18 05:33 PM | Likes Like |Link to Comment
  • Trying To Beat The Market Is A Fool's Errand [View article]
    Chuck, I really respect your work and all the time you also put into responding to the reader comments and questions.

    I also appreciate others questioning approaches. I noticed two interesting, respectful comments a while ago and was hoping to read and learn from the responses. One was from Pompano Frog.
    I don't recall the other writer's label. I don't see them here now.

    I'm wondering why they were removed and if you had done so.

    Variety of opinion is a very important aspect of SA's ability to teach others.

    Thank you for all you do,
    Marty
    Oct 18 05:10 PM | Likes Like |Link to Comment
  • The JPMorgan Apologists Of CNBC [View article]
    He is one of the major reasons I now longer tune it. Bloomberg TV & radio are much better - objective and non-political.
    Oct 15 11:05 AM | Likes Like |Link to Comment
  • Preferred Shares As A Replacement For Bonds To Increase Returns On One's Nest Egg [View article]
    Thanks for your response Henry! I appreciate it.
    Oct 14 12:18 PM | Likes Like |Link to Comment
  • Preferred Shares As A Replacement For Bonds To Increase Returns On One's Nest Egg [View article]
    Thanks to Henry & USER 6418851 for the responses.

    Here are my thoughts on the fixed/floater preferreds. Am I way off base here?

    I assume rates will move up at some time in the next decade. I don't know when or by how much. However, as are others, I am searching for income on my fixed income investments while trying or hoping to minimize some downside. The rates on some preferreds is attractive when compared to shorter term corporates and other bonds. Rather than buy a traditional preferred which I see as having much more downside, I see these preferreds and having shorter durations since they will float in 5 or 10 years. Yes, it is possible they will wind up having a lower coupon, but not by all that much. If Libor went to 2% these would pay around 6% - not all that bad. And I suspect they will fall in price less than traditional preferreds. If as some think, they will be called, then I can reinvest at current market rates then which will presumably be higher. So, I realize there is risk but I see it as lower than from traditional (perpetual) fixed rate preferreds

    Thanks for your thoughts!
    Oct 10 02:34 PM | Likes Like |Link to Comment
  • Preferred Shares As A Replacement For Bonds To Increase Returns On One's Nest Egg [View article]
    Goldcenbear, I am in agreement with you. The one thing we don't know is the timing of when rates may rise. One way to possibly address that is with some of the Fixed/Floating preferreds issued over the past 2 years. Typically have a fixed coupon of 6 - 7% for 5 or 10 years then float at Libor + 400 or so BPS. They are usually callable at every re-pricing.

    Anyone have thoughts I those?
    Oct 9 02:12 PM | Likes Like |Link to Comment
  • Which Popular Dividend Growth Stocks Are 'Always' Undervalued? [View article]
    Potential for catastrophic costly accidents. XOM, BP, CVX (currently in courts regarding Ecuadorian rain forests).
    Oct 9 10:44 AM | 1 Like Like |Link to Comment
  • Two 7%+ Yields That Will Rise With Rates [View article]
    Thank you for pointing them out. I hadn't noticed their issuance. I like these fixed/floaters and intend to pick some up of both.

    PS: I don't think an issuer can suspend payments on their preferreds unless they do not pay their common stock dividends.
    Oct 7 12:44 PM | Likes Like |Link to Comment
  • A Better MLP Mousetrap? [View article]
    Be Here,
    Typically those step up bonds are callable at the repricing dates and will be called unless rates have rises so much that it better for the issuer to leave it meaning you are not benefiting as much as you should.
    Oct 4 09:17 AM | Likes Like |Link to Comment
  • 10 Adjustable Rate Preferred Stocks [View article]
    Emra
    They are non cum. I don't see many cumulatives. I'm not buying ones I think will fail and if things deteriorate, one can sell before disaster hits.

    One more I like is SCEDN from So Cal Edison. It floats and pays 1.45 + the highest of 3 M Libor, 10 Yr or 30 Yr Treas.
    Sep 29 02:49 PM | 1 Like Like |Link to Comment
  • The JPMorgan Apologists Of CNBC [View article]
    Bloomberg TV & radio are far more objective business and financial news reporting and professional than CNBC on it's best day. It's been downhill for them ever since Mark Haines sadly passed away. In their quest for ratings they've followed the Faux news model becoming opinionated big mouths of ultra free markets, unregulated business and proponents of money makers regardless of how ill gotten that money it. They'll continue to slide unless they revert back to reporting business oriented news without the obnoxious obvious spin.
    Sep 29 11:00 AM | 1 Like Like |Link to Comment
  • 10 Adjustable Rate Preferred Stocks [View article]
    I think you have evaluated them correctly. May be room for some in a portfolio but not loading up the boat.

    There are some others fixed/floating you may want to look at. They are fixed for 5 - 10 years and then float at around 400 bps over Libor.
    Once again, I'm not sure how they will perform as longer rates move upwards a few points. They are all trading at premiums.

    Here are 3 I have owned since their offerings. I did lighten up a bit.
    USBpM & N
    PNCpP
    Sep 26 01:07 PM | Likes Like |Link to Comment
  • 10 Adjustable Rate Preferred Stocks [View article]
    Bruce, there are a lot of good theories on how these and other adjustible bonds will perform going forward. The key to keep in mind is that many are tied to short term rates (Libor, 3 Month Treasury etc.) so that while longer term rates, it could be some time before these to readjust upwards. The Fed has pretty much indicated Fed Funds are not moving up for 2 or more years. Additionally, many of these have floor rates (eg.. 3 or 4%) which they are now paying. It will take quite a significant move upwards in Libor before their rates reprice upwards. So, yes they appear to be good products but keep in mind many took some hits the past few months as longer rates moved upwards in anticipation of tapering. That makes me wonder if these will perform as well as some expect.

    Hoping some others will share their expertise here.
    Sep 26 09:32 AM | 1 Like Like |Link to Comment
  • Reinvesting Dividends Vs. Saving Them And Buying On Stock Price Drops - Part II [View article]
    Mel,
    That used to create a real hassle, at least for me so I stopped reinvestments in taxable accounts. I don't think it will be much of a hassle anymore since brokers are now required to track your cost basis and report it to IRS and you.
    Sep 20 03:24 PM | 1 Like Like |Link to Comment
COMMENTS STATS
382 Comments
312 Likes