News that Carlyle Capital (CARYF) would forfeit the majority of its assets to its creditors after defaulting on margin calls sent US stocks into a tailspin this morning; however, the three major indexes climbed back into the green on Standard & Poor’s pronouncement that banks may be finished writing down assets linked to subprime mortgages. Read More
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You need to concentrate on two things when it comes to the markets. First, don’t get whacked. Second, make money. Read More
Publicly traded partnerships (PTP) in the industry-benchmark Alerian MLP Index have boosted dividends by an average of 3.4 percent this quarter and close to 12 percent during the past year. Read More
Like it or not, the market is amoral and agnostic; its interest in virtues and vices extends as far as the bottom line. Read More
Thornburg Mortgage shares have been dumped on further massive selloffs in the mortgage market, although it continues to be the most forthcoming of financials. Read More
Bull or bear: It doesn’t matter what animal you choose to describe the market. All that matters is picking steady stocks, bonds and funds that pay us a decent cut. Read More
Northrop Grumman is calling Northrop Grumman 7 Percent Preferred B. Alternatively, holders can convert tax free into 1.822267 shares of Northrop common but must take action before April 3, 2008. Read More
Preferred stocks pay fatter yields than bonds or common stocks. They pay quarterly, and all six Income Portfolio preferreds are cumulative. If the issuer were ever to suspend payment, it would have to make it up in full. Read More
Zoltek, a major competitor of Hexcel Corp’s, reported weak fourth quarter and full year 2007 results, and the stock was hit hard. Read More