RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Results Out
scarface9 wrote:
Preferreds trade like regular stocks, but their dividend rate resets (usually every 5 years) It's affected by interest rates, so you hope rates go up before the reset date.
Debentures are debt, which can be converted into shares. Companies are supposed to pay holders their money back plus interest at maturity. If you do buy debentures, make sure they have a strong balance sheet and can/will pay out. I've seen companies force debenture holders to extend the term (take it or leave it, they can't pay) IVQ did that, lucky I didn't buy (guy told me they were a sure shot 20% return in 3 months, interest + capital gains on discount debentures were trading for) Was not a sure shot lol
I wanted that Heartland complex. I held IPL waiting, it was supposed to be a cash cow. VSN had Jordan Cove, which got canceled thanks to govt morons.
I used to own Diana shipping DSX. Paid big divy. Sold back around 2006-7 for $40.
BDI, oh man, I used to have them on my radar. Obviously glad I didn't buy. I still have scraps of paper with ticker symbols written down. I see so many bullets I dodged and opportunities I missed. LOL
CHE, I'm in the hole there too even with divies collected. Paid 11 or 12. Was going to average down at $5 but was too chicken.
I bought a new royalty SRR for .88. Took a small position.
Bought an absolute train wreck CANS. Business plan sounded good, but shares are getting slaughtered.
Are there ways to find out when rate resets are coming up?
I see debentures all the time with my bigger companies and seems like they like to issue new series with 3+ years timeline and call in the soon to expire ones as a way of extending timelines. I've always seen the conversation rate but never actually articulated what it meant until someone pointed it out on the DIV board. I've always looked as it as relatively useless bit I'd news to retail investors other than the interest rate, but more of a institutional or fund manager information. Now that it's been pointed out I've now gained an interest on it.
I use a website that tracks all those internal financings in a company, but I find they aren't great at giving all the info you need, just the surface stuff, to get more info they link you to a company specific relations emails it seems. But it's pretty good to scan through, you have to sign up to get every announcement around Canadian companies but I found it a nice tool to see what's going on out there and discover some companies.
https://www.privateplacements.com/ People always ask what they should buy and I tell them anything that someone tells you to buy throw that advice out right away, usually it's a very generalized opinion and not specific to you and your wants and needs unless it comes from an actual advisor that knows your situation. Most people that tell you what to buy have no skin in the game (unless it's an investor form like this, but even then you question motives) and if they are right they will brag and if they are wrong, oh well doesn't matter to them and they will just laugh and say oops while coming up with uniformed excuses. Learn the system and then I can tell you places to look at and do your own research if it's something your interested in and fits what you want. Anyone credible in investing never tells you what you should buy, they tell you what they have bought and why and tell you what's interesting to look at. When I say that it tends to frustrate people cause I haven't given them direct answers, but these same people wouldn't know how to buy even if I did tell them because they haven't done the minimal work for themselves.
Jordan Cove I thought was excellent, and I've mapped the whole line out spending hours google mapping and following the paperwork and it made a ton of sense what the company had as a safe plan. It was gonna make the Midwest a very productive area in several ways as the port area was going to distress several bottlenecks even outside of oil/gas transport. Politics and uniformed people got in the way of something that was gonna be really good there. But I also gave up on it happening years ago, once it became to big of a public issue you know it's unlikely to go forward. I still like several projects we have, I just don't know how many will be completed in the next 3-10 years. I don't see a better pipeline company tho, Enbridge has its political and internal issues but some interesting prospects, I think Keyera is questionable and next to be consolidated and PPL might be the player there, TC is good but they have a lot on thier plate and not an amazing history at execution and Altagas has shifted focus to be a player anymore.
Yea when I bought DCIX I think parent Diana was paying like 5.5%, they had the drybulk division paying 7% but they foreseen issues on the horizon and talking about possibly cutting or discontinuing it for a while and I think they were trying to add and create a spin-off also on liquids. I remeber Panama canel was being dredged and shipping companies were all trying to set up thier fleets for that and I think Suez Canel just completed some work. It seemed contained ships had the least issues and most upside and they were selling off smaller older ships for aquireing Panamax and post-Panamax ships, then finacing issues happened, fuel costs jumped as oil was peaking, shipping rates plummeted, and just as they were starting to sign better contracts the Greek financial collapse happened... I got reverse splitted and then eventually the parent ate DCIX, but at that point I wasn't watching what was going on, I just got the notice and threw it in a box of investment circulars. I should have bought the parent or Maersk in Copenhagen but I didn't know how to buy other than Canada and US, still don't really know the process lol
CHE - I had the same thoughts of holding on and averaging down, but they were terrible at getting projects to completion and they kept selling off areas and getting smaller and concentrated which I didn't like, they were very diversified when I first got in I think it was a dip for like $14.90 or something and I did well for a while I think I exited mid $5s on a short term spike mid 2020, I had held it that long atleast had I kept holding I'd have kept collecting and maybe seen some black again on the back of payouts, but I didn't feel it had much potential and payouts were very small. That sale got me into DIV, FC, or more BCE at recovery prices where I'm much happier.
Just looked at SRR, it's on my watch list with big interest. It sounds more interesting to me than TPZ tho I do like that too but it's way out over it's skies on early value, I dunno why TPZ and PSK are over hyped compared to FRU who seems best of breed. Ive only got in FRU recently but I really like royalties now. I've just discovered RE, MTA & NOVR recently and have used MMP & NWX before when they paid more. I like RE because I feel it has large potential in renewable energy both in payouts and price potential, MTA doesn't payout much but I think it may eventually as I believe they possess a very large portfolio of mish mash under the radar mines and metals and NOVR doesn't payout yet but it's aquireing a bunch of near term mining royalties on some crazy potential projects, it might take a year or 2 before some are into production and it starts to pay but I feel this could go wild. I've only started really diving into these and of course there are risks because very little is mature in them but I like what I see on the surface, I still wanna get more opinions and info and then maybe throw in starter positions.
CANS does look ugly, but is that because it's early in the story?