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Bernie Kent

Bernie Kent
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  • Freeport-McMoRan Copper & Gold Inc. Declares $1.00 per Share Supplemental Common Stock Dividend [View article]
    Nothing like a positive response from a company making a supplemental dividend payment to share holders - the only thing better is raising the dividend, if it is sustainable !
    May 31 01:58 PM | Likes Like |Link to Comment
  • Yield-starved investors are piling into frontier-market debt, allowing small countries with no capital markets track record to raise cash at rock-bottom rates. Case in point: At 5.2%, General Electric's (GE) 10-year bonds yield 58 bps more than Paraguay's, and only 142 bps less than Rwanda's. [View news story]
    Unlike several other large US companies with underfunded Pensions (ie. ExxonMobil, etc.), GE has a pension fund that is fully funded, depending upon the discount rate of future funds you select. I do agree that GE is somewhat like the US government with an enormous long term debt, but the lion's share of our US government debt is unfunded pension and insurance obligations(Medicare, Medicaid, Social Security, etc.).
    May 28 06:28 PM | Likes Like |Link to Comment
  • JNK: Chasing Yield Is Not a Plan [View article]
    Lee - Thanks for the insight on Junk Bond Funds. You just made me realize that my attempt to diversify my investments with a small dose of a Junk Bond ETF might be better served to put that 5% (or whatever) allocation along with the balance of my Equity investments.
    Mar 9 08:05 PM | Likes Like |Link to Comment