John Huss

John Huss
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  • John Hancock Premium Dividend Fund: Sleep Well, Collect Distribution Checks  [View article]
    PDT is one of the largest holdings in my portfolio of investments. Way too expensive, but with a very long track record of steady performance.
    Jan 27, 2016. 01:51 AM | Likes Like |Link to Comment
  • A Big Sell Order Produces A 7% Yielder (AES-C)  [View article]
    I picked up a little of the PFD on Tuesday at an even better price than it closed on Friday! I would never have known about it except for your article.
    Jan 20, 2016. 08:24 AM | 1 Like Like |Link to Comment
  • A Big Sell Order Produces A 7% Yielder (AES-C)  [View article]
    Thank you for this useful article. Most individuals, including me, with an interest in PFDs look only at the $25 par value issues.
    Jan 19, 2016. 12:03 PM | 1 Like Like |Link to Comment
  • Investing In The iShares U.S. Preferred Stock ETF? Think Twice  [View article]
    Thank you for this excellent article. I have long believed that an individual investor with modest amounts to invest (say $100K and above) is much better off taking the time to learn about PFDs and tjhen buy them individually. Of course, this applies to a buy and hold strategy, but the absence of annual management fees makes modest stock transaction fees quite reasonable in comparison.
    Jan 19, 2016. 11:32 AM | 1 Like Like |Link to Comment
  • What Do Rising Rates Mean For Closed-End Funds?  [View article]
    You can check it out easily yourself on CEFConnect--a very valuable website for CEFs
    Jan 18, 2016. 04:36 PM | Likes Like |Link to Comment
  • A 12.6% Yielder To Help Save Income Investors From The Dark Side  [View article]
    I found your article clear and persuasive and I am not one to concur with all opinions. You have more tolerance for risk than I do, but since I already own NGLS-PA this article will help me sleep tonight.

    Keep up the good work.
    Jan 15, 2016. 11:22 AM | 2 Likes Like |Link to Comment
  • Teekay Offshore Partners' Preferred Units Are Trading At Substantial Discounts To Par Value  [View article]
    What is the basis for your statement that "TOO has no cash flow" in light of Lion Square's statement that "Teekay Offshore Partners (TOO) is producing strong net operating cash flow in excess of $300m per annum."
    Jan 14, 2016. 01:19 PM | 3 Likes Like |Link to Comment
  • 6 Equity REIT Preferreds For The New Year  [View article]
    Thank you so much for your articles! They have given me solid guidance over the years.
    Jan 12, 2016. 09:20 AM | Likes Like |Link to Comment
  • 6 mREIT Preferreds For The New Year  [View article]
    I own many of the PFDs you mention and draw comfort in your admittedly non-authoritative opinion on the solvency of the companies with lower priced issues. It would be nice to see a rally in the price of the more speculative issues.
    Jan 7, 2016. 01:58 PM | Likes Like |Link to Comment
  • Preferred Stock Vs. Common Stock Performance For 2015  [View article]
    I much prefer preferred CEFs to preferred ETFs, because active management can weed out the weakest issues in an index and leverage can boost returns, BUT you have to be comfortable with the risks entailed with leverage. For what it is worth--and it may not be much--preferred CEFs did well in 2015. As some other respondents suggest, now is not the best time to buy preferred because interest rates have become somewhat depressed.
    The author of the article--Doug LeDu--is IMHO very trustworthy and very much worth paying attention to if you are a beginner in the PFD arena.
    Jan 4, 2016. 11:45 AM | Likes Like |Link to Comment
  • 5 Fixed Rate Financial Preferreds To Consider, Part I: JPMorgan  [View article]
    Don't you think that in a standard 10 year fixed-to-float scenario, if you would actually get a higher rate on the reset date than you have now that the PFD would be called so you never get the advantage of the higher rate? I do like the 10 year call protection and the fact that the fixed to float issues are preferred by fund managers like Flaherty & Cumrine.
    Dec 31, 2015. 10:13 AM | Likes Like |Link to Comment
  • 5 Fixed Rate Financial Preferreds To Consider, Part I: JPMorgan  [View article]
    My minimum is 6.5% to 6.75% to avoid the likely alternatives of selling at a loss or holding an issue likely to sell at less than par for a potentially very long period of time. 5.5% is too low for me since I am a buy and hold investor.
    Dec 30, 2015. 08:00 PM | 1 Like Like |Link to Comment
  • Bluerock Residential - I'll Take 8% Rather Than 10%  [View article]
    Per your analysis the common is "speculative." If we look at an 8.5% PFD, under what set of circumstances do you believe that interest rates will increase in 7 years to the point that 8.25% will no longer be an attractive coupon rate? Note that the other PFDs in your comparative analysis have coupons less than 8.25% and in most cases considerably less. If 8.25% is likely to still be attractive, all other things being equal, in 7 years, then the reason to exercise the put would be to bail out of an investment deemed excessively risky. Good luck under those circumstances: think PR GO bonds!
    Dec 30, 2015. 07:54 PM | Likes Like |Link to Comment
  • Chesapeake Energy Joined The 'Second Lien Club'  [View article]
    How were you able to do the exchange? My broker--Schwab--provided evidence that it was open only to a certain class of basically institutional investors, not to me as a regular retain customer.
    Dec 17, 2015. 11:09 AM | Likes Like |Link to Comment
  • RAIT Financial: A Review Of The Potential Opportunities After The Bloodbath  [View article]
    One advantage of the baby bonds is certainly their fixed maturity. Without an ability to make a judgement on solvency issues, entering into a position on any RAIT securities seems fool hardy. I own some of the baby bonds and in my ignorance have chosen not to bail out.
    Dec 11, 2015. 03:11 AM | 4 Likes Like |Link to Comment
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410 Comments
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