NoWay
It's time to play the game
Raven Russia ancora no... porca paletta...
Obbligazioni in dollari Keep Calm And Invest Preferred Shares Usa
Raven Russia ancora no... porca paletta...
NoWay
It's time to play the game
Estratto dell'ultimo articolo di Hunter...
"Looking at preferred stocks and exchange traded debt issues (baby bonds) of all qualities there are only a couple sectors that have performed poorly and they are the shipping and energy preferreds. Of course the number of preferred shares outstanding from energy companies is very limited as many of the companies have gone bankrupt or at the very least have suspended payments on their preferred shares. We intend to stay clear of all shipping and energy preferred issues–while they may survive long term they carry too much risk for our very conservative nature. Remember that it is our goal to have a return of 7% per year and to do so without huge amount of risky holdings. We realize that there are a number of nimble income investors that “trade”” on a regular basis and they can juice their returns, at least on a short term basis, but we neither have the time nor the desire to be traders".
"Looking at preferred stocks and exchange traded debt issues (baby bonds) of all qualities there are only a couple sectors that have performed poorly and they are the shipping and energy preferreds. Of course the number of preferred shares outstanding from energy companies is very limited as many of the companies have gone bankrupt or at the very least have suspended payments on their preferred shares. We intend to stay clear of all shipping and energy preferred issues–while they may survive long term they carry too much risk for our very conservative nature. Remember that it is our goal to have a return of 7% per year and to do so without huge amount of risky holdings. We realize that there are a number of nimble income investors that “trade”” on a regular basis and they can juice their returns, at least on a short term basis, but we neither have the time nor the desire to be traders".
wallner
Gold Standard
Mah... qualche occasione mi sembra che rimanga solo sui baby bonds delle società navali, però bisognerebbe studiarle meglio...
Conosco abbastanza bene Tsakos e vedo che sta dando soddisfazioni. Quando c'entra la "famiglia" si difende tutto con le unghie e con i denti ...
NoWay
It's time to play the game
Ma ha baby bond?
Fabrib
Forumer storico
Lodging REIT Ashford Hospitality Trust Sells a Preferred Offering
July 7, 2016
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Ashford Hospitality Trust (NYSE:AHT) has sold a new 7.375% preferred offering in a refinancing transaction. The proceeds from this offering will be used to redeem the Trusts outstanding 9% preferred issue (NYSE:AHT-E) which became redeemable on 4/18/2016.
AHT is a large owner of upscale hotels with branding that includes, Hilton, Westin and Marriott. The Trust has performed well in the last 12 months after a number of years of poor financial performance. But regardless of recent results we are not impressed with the performance of the common shares which have traded in a range of $4.15-$9.25 with a recent price of $5.25. At this point in time the big issue with Ashford is they carry a very heavy debt load. Debt is near $4 billion against total assets of around $5 billion and this has scared investors away from the common shares. As long as the economy performs well the debt burden should not be an issue, but when a recession nears it might be best to avoid AHT issues.
While the common shares have performed poorly, this new preferred issue should be considered by investors because of a coupon that is relatively high compared to other lodging REIT preferreds that have recently been issued. Sunstone Hotels (NYSE
HO),LaSalle Hotels (NYSE:LHO), Summit Hotels (NYSE:INN), Pebblebrook Hotels(NYSE
EB) and Hersha Hospitality (NYSE:HT) have all sold preferred issues in the last 60 days and all coupons were between 6.375% and 6.5%. A coupon as high as 7.375% is becoming a rare rate these days and all investors except the most conservative should consider this issue with the caveat that a recession could hammer earnings hard.
AHT has 3 issues currently outstanding (although Series E will be redeemed soon) and to compare this issue to the current outstanding issues you can check our “swaps” page here.
The issue will be trading on the OTC Grey market under the ticker AHFFP. Our Grey market primer can be found here for those not familiar with purchasing new preferred issues at “wholesale” prices.
Further details on this issue can be found here.
July 7, 2016
Facebook0Google+Condividi
Ashford Hospitality Trust (NYSE:AHT) has sold a new 7.375% preferred offering in a refinancing transaction. The proceeds from this offering will be used to redeem the Trusts outstanding 9% preferred issue (NYSE:AHT-E) which became redeemable on 4/18/2016.
AHT is a large owner of upscale hotels with branding that includes, Hilton, Westin and Marriott. The Trust has performed well in the last 12 months after a number of years of poor financial performance. But regardless of recent results we are not impressed with the performance of the common shares which have traded in a range of $4.15-$9.25 with a recent price of $5.25. At this point in time the big issue with Ashford is they carry a very heavy debt load. Debt is near $4 billion against total assets of around $5 billion and this has scared investors away from the common shares. As long as the economy performs well the debt burden should not be an issue, but when a recession nears it might be best to avoid AHT issues.
While the common shares have performed poorly, this new preferred issue should be considered by investors because of a coupon that is relatively high compared to other lodging REIT preferreds that have recently been issued. Sunstone Hotels (NYSE
HO),LaSalle Hotels (NYSE:LHO), Summit Hotels (NYSE:INN), Pebblebrook Hotels(NYSEEB) and Hersha Hospitality (NYSE:HT) have all sold preferred issues in the last 60 days and all coupons were between 6.375% and 6.5%. A coupon as high as 7.375% is becoming a rare rate these days and all investors except the most conservative should consider this issue with the caveat that a recession could hammer earnings hard.AHT has 3 issues currently outstanding (although Series E will be redeemed soon) and to compare this issue to the current outstanding issues you can check our “swaps” page here.
The issue will be trading on the OTC Grey market under the ticker AHFFP. Our Grey market primer can be found here for those not familiar with purchasing new preferred issues at “wholesale” prices.
Further details on this issue can be found here.
Peco
Forumer storico
No, ha tre Preferred Shares TNP-B TNP-D TNP-C
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