Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Oregon Muni. Bond Review: Tualatin Valley Oregon Water District Water Revenue Bonds

Durig Capital, LLC

 


At Durig Capital, we have developed a process for our clients to review, select, purchase and monitor Oregon Municipal Bonds. Enclosed is our review along with supporting documents showing why we believe it makes sense with our Oregon clients' portfolios. You can find other Oregon Municipal Bonds listed on our web site here.


We reviewed 95 separate listings of Oregon Municipal Bonds to find what, we believe, currently is the best Oregon Municipal Bond for investors. The following includes our selection criteria.

1. Yield Curve at 4-7 Years Out

First, we went out on the yield curve enough to receive higher returns in yield but not far enough that if inflation starts to increase, due to our country's largest deficit spending, instead of taking a principle loss our clients could possibly just hold to maturity.

2. Extra Protection

We like sewer and water bonds, because they often have higher yields:

A. This is one of our most essential services, and often one of the last that families and companies could not do without.

B. Tualatin is in a high-end community, which is still demonstrating growth - real growth.

C. Sewer and water have their own income sources, and are usually profitable as they pay for additional government services.

D. If the services fail, there is belief that other local governments would support them (but, of course, no guarantee).

E. Since buying these sewer and water bonds for over 20 years, I have never seen a default.

F. These bonds are MBIA insured.

3. Oregon State and Federal Tax-Free
Income

We selected the Oregon Water project as the best Oregon Municipal bonds we could identify for February 2, 2010.

More data can be found below. Please feel free to contact me to talk. You might enjoy selecting your own bonds?
Sincerely,

Randy Durig   

Financial Investment Advisor

DIR 971-732-5119

 

 

11600 SW 69th Avenue

Tigard, OR 97223

 

971-327-8847 TEL  877-720-3010 TOLL FREE

Durig.com | Investment-Income.net

 

 



A+ Rating with the BBB!

 

________________________________________________



Tualatin Water Municipal Bonds have the following:

Current Price 110.367
Yield to maturity 1.941 Yield to call 1.941

CUSIP Moody's/S&P Security Description Current Coupon Rate Maturity Date
89855PCP6 AA3/AA+ TUALATIN VALLEY ORE WATER DISTRICT WATER REVENUE 4.000% Coupon
06/01/2015
4.00000 06/01/2015
 
Tualatin Valley Water District Financial Summary

Use of Proceeds WATER
Revenue Type REVENUE ONLY
Revenue Source REVENUE
State OREGON
Minimum                          
Investment Quantity      
5 Bonds
Incremental
Investment Qty
--
Original Size 15,285,000
Outstanding Size 1,280,000
Marginable YES
Delivery BOOK ENTRY
Bank Qualified NO
Day Count Basis 30/360
Pre-Refunded NO
DTC Eligibility DEPOS/WDRW CHILLED
Insurer MBIA
Pay Frequency SEMI-ANNUALLY
Issue Date 08/18/2005
Issue Price 101.617
Dated Date 08/18/2005
First Coupon Date 12/01/2005
Workout Date 06/01/2015
First Settlement 08/18/2005
Escrow to Maturity NO
Federally Taxable NO
Subject to AMT NO
Material Events? YES



Disclosure: We currently do not own these bonds