It has been trading at a discount for almost the entirety of the last 3 years. Their shares have gone up extremely rapidly the last few months, possibly due to the increase in their dividends. (Their loans are primarily floating rate, so the higher interes[...]

They have a large group of trustees managing the fund, and there is some movement from year to year, but the two main principals right now are Christina Emery and Sean Feeley, who have been with the trust since 2005 and 2003 respectively as Managing Direc[...]

Three Variable Rate preferred bonds that look promising are:(For the analysis below I'm pretending interest rates in the future are 3.5%, but in the end it may not matter a lot. In all cases these are expected to be highly advantaged compared to the ma[...]

One tricky thing about the variable rate preferreds is that many of them define their floating-rate value in terms of LIBOR, which has recently been discontinued. This allowed Pennymac recently to essentially give its investors the middle finger and indic[...]

As an example, Wales Fargo announced it would redeem all of its WFC/PQ shares in August, a month or so they were going to transition. So buying some a year or so out might be a pretty good strategy.There is a screener here you can use to find examples:[...]

Travis, could you help me better understand some of the basic stats/fundamentals of BN?According to simplywallstreet [https://simplywall.st/stocks/ca/diversified-financials/tsx-bn/brookfield-shares], Brookfield has a total debt of $219B and the _intere[...]

I don't think it makes sense to think of the "% change in the rate", since fed fund rates can essentially be 0 and effective bond yields can be negative (as was the case in Europe)In fact, since compounding interest factors into outcomes in an exponent[...]

Travis, even with the price falling and the owner a bit absentious, it looks like CWH could halve its earnings and still have a P/E of 11. That's not nothing.[...]

Thanks, Travis. Appreciate it![...]

Travis, with regard to concerns about the stock market being in a bubble, how reasonable of a solution is it to just switch significant parts of one's portfolio into high-quality income stocks, or high-quality companies with low P/E values?[...]

Thanks![...]

They claim that 80-90% of their trades are positive, but what is their _net_ return? You can have positive returns on 80% of your trades and still lose money if the 20% that are losers are total losses and the wins are small.Honest question here: can you[...]

@jillsami, does Bill Spetrino ever do covered calls in his Dividend Machine letter? I'm thinking of getting it. Thanks![...]