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  • Harvest Over 40% Yield With Camposol S.A. Yankee Bonds, Maturing February 2017  [View article]
    Randy, thanks for the response, quite honestly I appreciate the posts, as I said I've bought several of your ideas, and not just taking free info I intended to open an acct with your firm however I don't normally buy in the size you require. In the case of Camposol are you expecting them to pay full face in ~14 months?

    Thanks again for the articles and response, no offense intended
    Dec 28, 2015. 03:20 PM | Likes Like |Link to Comment
  • Harvest Over 40% Yield With Camposol S.A. Yankee Bonds, Maturing February 2017  [View article]
    I am surprised Durig hasn't replied to my post, the errors really are a red flag to me as attn. to detail is so important in research and perception, and the seeming lack of concern doesn't really make a positive perception. Pointing them out wasn't an attempt to embarrass but was as I stated in my original post.
    Dec 28, 2015. 12:54 PM | Likes Like |Link to Comment
  • Harvest Over 40% Yield With Camposol S.A. Yankee Bonds, Maturing February 2017  [View article]
    Randy, first let me say I have followed several of your recommendations and while some are below my purchase prices I am OK with that, I understand how the hi yield market works and being I intend to hold to maturity that's fine. However there is a comment you made that concerns me and I would HOPE if I read correctly you would clarify, are there some bonds you recommend at a discount that you do NOT expect to pay face at maturity but rather expect to restructure?? If so I would hope going forward in your articles here on SA you would state that so those of us who want the coupon plus cap gains know what your expectations are, I have never seen you write that before.

    On a very different note, I don't know if you or an underling actually wrote the article above, however the following typos are included:
    Para 2 line 5: unbeliever (unbelievably ?)
    Para 3 line 2: preform (perform?)
    Para 3 line 4: stick (strict?) & are not perfect also (also s/b either?)
    Para 3 line 5: preform (perform)

    That's too many typos for a professional with spellcheck, I'm sorry
    Dec 28, 2015. 01:00 AM | Likes Like |Link to Comment
  • Inside the Third Avenue meltdown  [View news story]
    I know, someone works for a firm for years with no issues (performance aside) then 60 minutes later the locks are changed, he can't get family pics from his desk, his coffee mug is shattered and anyone who waves goodbye is out as well. As an ex branch mgr of a brokerage firm I will say that corp. takes this way too serious, again assuming nothing illegal or unprofessional is a factor.

    Funny side issue, we all know it's just common courtesy to give 2 weeks notice when quitting, in the brokerage business (banking as well) once someone gives 2 weeks notice they're escorted out and paid for the 2 weeks. Knowing this I went into my regional managers office and said "I know when we resign and give 2 weeks notice we leave and get paid for 2 weeks, he agreed, so I said I'm here giving my 90 day notice, will I be paid for 90 days? He just looked at me and shook his head "no" said "are you really resigning?" yes, "umm, you aren't serious about 90 days are you?" Nope, I said, just having fun.
    Dec 27, 2015. 01:28 AM | Likes Like |Link to Comment
  • Inside the Third Avenue meltdown  [View news story]
    What appalls me is when a fund, team, firm, etc. is doing well there is nothing but praise for the leader, then something goes wrong and everyone says how divisive, mean, self centered the leader was. Upper mgmt. can't distance themselves from him/her fast enough, how does that foster a feeling of "we've got your back, go make us money" it doesn't it fosters a feeling of "we've got your back until you lose then you're on your own" and that is the definition of a firm that will lose any trust from their other employees.
    Dec 24, 2015. 02:29 PM | 4 Likes Like |Link to Comment
  • AeroGrow Featured on Amazon.com  [View article]
    That's 90 years from now, I had NO idea Amazon booked so far in advance, I'll mark my calendar
    Dec 22, 2015. 02:22 PM | Likes Like |Link to Comment
  • Transocean: Time To Buy, In 5 Charts  [View article]
    Are the 2 things mutually exclusive? But no, it does happen
    Dec 17, 2015. 07:55 PM | Likes Like |Link to Comment
  • Transocean: Time To Buy, In 5 Charts  [View article]
    As someone who's been investing since I was ~13 (55 now) I have learned not to be greedy, having said that and not wanting to monitor the stock price and every earnings release I own 2 debt issues for RIG, 6.5%/2020 (trading ~72) 11.5% yield and a 7 3/8%/2018 (~92) 14.5%, both of which will mature within 5 years and all RIG has to do is avoid BK, and my opinion says they will.

    CUSIP
    893830AY5
    893830AK5

    http://on.barrons.com/...
    Dec 16, 2015. 11:02 AM | 3 Likes Like |Link to Comment
  • Is There Any Pop Left In National Beverage's Share Price?  [View article]
    Your thesis is correct, however I believe many are buying in expectation of an announcement of a special dividend in the $2.50-$3.50 range, historically when this is announced the stock is good for a $4-$5 pop. Having said that and having been a shareholder for around 10 years I finally sold 80% of my shares, I had been accumulating in the $10-$15 range, and I made that decision based solely on current share price. A $4-$5 pop when the stock was ~$20-$25 made sense, the same expectation at $45 is the greater fool than I theory. My gains are locked in and at this point a special dividend is still expected but I feel all positives are almost fully priced in
    Dec 15, 2015. 10:52 AM | Likes Like |Link to Comment
  • Buy PIMCO's Best Yielding CEF At A Discount  [View article]
    The easiest is usually morningstar.com type in a symbol, there will be several tabs, look for either "holdings" or "Portfolio" and go from there. Also Yahoo.com/finance same type in symbol and on the left a tab for Holdings, be aware though, Yahoo only top 10 holdings and usually stale info. When I was managing individual client portfolios I would look at the top 2-3 funds and look thru their bond holdings, found some AMAZING issues that otherwise would never have seen, especially public debt on private companies, that's where all the best are to be found. My theory was let the research dept. for PIMCO, FIDELITY, etc. do all the due diligence and determine risk and I'll use their work for mine and my clients benefit. Good luck and happy hunting
    Dec 14, 2015. 09:19 PM | Likes Like |Link to Comment
  • Buy PIMCO's Best Yielding CEF At A Discount  [View article]
    NEVER buy a dividend. Not sure how many here remember in the 80's when companies with dividends would jump 1-2 days b4 ex-date, that was foreign and domestic insurance cos. as even though the stock dropped by the amount of the div. (in most cases more as all were traded in 1/8 th therefore a .07 div cost a total of .125 cents) however dividend income was treated somehow favorably tax wise (there's an oxymoron tax wise)however for an individual NOVER do regardless of acct. type
    Dec 14, 2015. 06:27 PM | 3 Likes Like |Link to Comment
  • Buy PIMCO's Best Yielding CEF At A Discount  [View article]
    On a totally separate note, I have found a very good source for individual bond ideas by looking at all the holdings of a bond fund or ETF, sort by maturity, call date, price, etc. whichever you deem most important, and see when the most maturities are due, calls, etc. this will also help determine the approx. amount of a special dividend is probable. The maturities GAINS are paid, as are gains on called debt, also losses on bonds are used to offset those gains thus reducing a special div. as well as cap gains tax amount. It is a little work however I find it very fun and profitable.
    Dec 14, 2015. 03:56 PM | 3 Likes Like |Link to Comment
  • Buy PIMCO's Best Yielding CEF At A Discount  [View article]
    absolutely NOT!! A special dividend is only paid (especially in a bond fund) when issues it holds are either sold or called, with the portfolio of hi-yield bonds I hold a large number have done both, in 2008-09 I put together a portfolio of individual bonds all maturing between 2016-18, about 75% are gone, mainly called, that is the source of the special dividend. As things stand now the vast majority of calls have been done and those debts have been rolled over into longer maturities at lower coupons than previous, not too many companies will be doing that in this environment. Thus the cash for special dividends will not be near the amount as it has for the last 3-4 years.
    Dec 14, 2015. 03:52 PM | 5 Likes Like |Link to Comment
  • Earn 7.37% Short-Term Yields With Ensco's Investment Grade Bonds, Maturing June 2019  [View article]
    absolutely correct BUT 1. not many sophisticated enough to know this 2. very few sellers would sell flat, but theory is correct
    Dec 14, 2015. 02:28 PM | Likes Like |Link to Comment
  • Buy PIMCO's Best Yielding CEF At A Discount  [View article]
    I'm trying not to be impolite however if you're including a "special dividend" as part of a calculation to increase the normal dividends and thus make the yield higher would be totally inaccurate. While yes, if a stock pays .12 a month and is at $10 the yield is 14.4% and if they pay a special div. of $1 the total returned is now 24.4% to say that they pay over 24% would not be a legal way to market the fund. While I don't think you're "marketing" the fund to investors it can be deceiving to the more novice investor looking for yield.
    Dec 14, 2015. 02:06 PM | 1 Like Like |Link to Comment
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