Mulligan
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- May 3, 2009
- Messages
- 9,343
While it is true that the agricultural business is under pressure from commodity collapse and as such is vulnerable to a deflationary scenario, the interest rates on these compensate for this risk well to me when one considers the more likely scenario of long term very low inflation pressures resulting in long term low interest rates such as in Japan. In such a scenario as that, these will be excellent investments and far better than plays in the energy arena in my opinion.
Just don't let any one industry dominate your portfolio too much, I do not like the financial arena as well but WFCPL is the one banking company that is strongest for paying so I do own that one as well as CHSCM and BGEPF.
Trying to get one of Mulligan's nice Utility Preferred for me is like trying to catch a couple of greased pigs released in Yellowstone, they may exist but I can't get my hands on it with any success.....
Im glad I got mine, because like you said, they are getting impossible to buy at a reasonable price. A perfect example was PPWLM from PacifiCorp. After a small bit of cat and mouse I bought some around $112 and was worried I paid too much then. Flipped at $125 3 months and a dividend later thinking I will re buy around $115. It has sat at $135 with bids stacked at $125 months on end...Incredible...I will never be able to get back in. That is why I decided not to reach for bottom dollar price with a few others I own as I would run this risk of never getting in. The "low" or "last price" is only for the last trade. Rarely for the next guy.
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