Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 05-28-2021, 12:38 PM   #341
Recycles dryer sheets
Happyras's Avatar
 
Join Date: Jun 2015
Location: Redmond
Posts: 463
OK found it in full on their website;
DETROIT – DTE Energy (NYSE: DTE) announced today, 5/27/2021, the full redemption of all outstanding 2016 Series B 5.375% Junior Subordinated Debentures (NYSETJ). The 2016 Series B 5.375% Junior Subordinated Debentures will be redeemed on June 30, 2021. The redemption price is 100 percent of the unpaid principal amount of the 2016 Series B 5.375% Junior Subordinated Debentures, together with accrued and unpaid interest up to, but excluding, June 30, 2021. The 2016 Series B 5.375% Junior Subordinated Debentures will be called for redemption in minimum denominations of $25 and in multiples of $25.



Holders owning 2016 Series B 5.375% Junior Subordinated Debentures through a broker, bank or other nominee should contact that party for information.

So I calculate an $0.11 div for the period up to June 30, I would expect the price should be closer to 25.11 than current trade at 25.07, not a lot of meat to hold, but opinion?
Happyras is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 05-28-2021, 01:11 PM   #342
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
pb4uski's Avatar
 
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 29,762
Yeah, I get $25.11 on June 30.

$25.07 makes sense to me in that's ~ a 2% IRR, but you're right in my experience I've seen called issues trade at about the call amount, which never made sense to me.

Maybe people are smartening up.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.

Retired Jan 2012 at age 56
pb4uski is online now   Reply With Quote
Old 05-28-2021, 02:02 PM   #343
Recycles dryer sheets
Happyras's Avatar
 
Join Date: Jun 2015
Location: Redmond
Posts: 463
Yup, folks are smarter. I put my buy order in at 25.00 and nothing.....worth the shot
Happyras is offline   Reply With Quote
Old 05-29-2021, 08:59 AM   #344
Dryer sheet aficionado
tizod's Avatar
 
Join Date: May 2020
Posts: 25
what has happened to Macrotrends? I cannot enter tickers and get data for last few days? Great site ot compare many historical data (like PE ratios) over 5 companies.
tizod is offline   Reply With Quote
Old 05-31-2021, 07:35 PM   #345
Moderator Emeritus
aja8888's Avatar
 
Join Date: Apr 2011
Location: The Woodlands, TX
Posts: 12,656
Has anybody seen the new issue from Babcock and Wilcox?

https://www.babcock.com/en/news/babc...referred-stock

NYSE: BW-A.
__________________
Everyone has a plan until they get punched in the mouth...philosopher Mike Tyson
aja8888 is offline   Reply With Quote
Old 06-01-2021, 08:24 AM   #346
Thinks s/he gets paid by the post
 
Join Date: Jul 2002
Posts: 1,380
Quote:
Originally Posted by aja8888 View Post
Has anybody seen the new issue from Babcock and Wilcox?

https://www.babcock.com/en/news/babc...referred-stock

NYSE: BW-A.
See: https://innovativeincomeinvestor.com...new-preferred/

It appears that they can not pay a cash dividends until they re-negotiate their credit lines.
RE2Boys is offline   Reply With Quote
Old 06-01-2021, 10:38 AM   #347
Moderator Emeritus
aja8888's Avatar
 
Join Date: Apr 2011
Location: The Woodlands, TX
Posts: 12,656
Quote:
Originally Posted by RE2Boys View Post
See: https://innovativeincomeinvestor.com...new-preferred/

It appears that they can not pay a cash dividends until they re-negotiate their credit lines.
After I posted I read the prospectus. I saw that too. No wonder why it was trading under par.
__________________
Everyone has a plan until they get punched in the mouth...philosopher Mike Tyson
aja8888 is offline   Reply With Quote
Old 06-07-2021, 02:45 PM   #348
Dryer sheet wannabe
 
Join Date: May 2017
Location: Minneapolis
Posts: 22
Can anyone tell me the difference between the two Pacificorp stocks PPWLM and PPWLO? And if there are circumstances where one would be a better choice to buy than the other?
jriemerm is offline   Reply With Quote
Old 06-07-2021, 04:54 PM   #349
Thinks s/he gets paid by the post
 
Join Date: Jul 2002
Posts: 1,380
Quote:
Originally Posted by jriemerm View Post
Can anyone tell me the difference between the two Pacificorp stocks PPWLM and PPWLO? And if there are circumstances where one would be a better choice to buy than the other?
PPWlm has a 7%coupon. PPWLO has a 6% coupon. Search the symbols at: https://www.quantumonline.com/search.cfm
RE2Boys is offline   Reply With Quote
Old 06-07-2021, 07:26 PM   #350
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Mulligan's Avatar
 
Join Date: May 2009
Posts: 8,679
Quote:
Originally Posted by jriemerm View Post
Can anyone tell me the difference between the two Pacificorp stocks PPWLM and PPWLO? And if there are circumstances where one would be a better choice to buy than the other?


They are both equal standing legacy issues sent to market many many decades ago. They are uncallable and thus the reason why they still trade. PPWLO is the smaller float than PPWLM. Both are tiny, the former about 500K par total and the latter $2 million. Generally PPWLM will have the higher yield buying wise.
Mulligan is offline   Reply With Quote
Old 06-07-2021, 08:35 PM   #351
Dryer sheet wannabe
 
Join Date: May 2017
Location: Minneapolis
Posts: 22
Thanks for your replies!

I'm interested in connection with recent news regarding a new, apparently much safer safer type of nuclear power plant Bill Gates and Warren Buffet are going to be building in Wyoming, which involves Pacificorp.
jriemerm is offline   Reply With Quote
Old 06-08-2021, 05:38 AM   #352
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Mulligan's Avatar
 
Join Date: May 2009
Posts: 8,679
Quote:
Originally Posted by jriemerm View Post
Thanks for your replies!



I'm interested in connection with recent news regarding a new, apparently much safer safer type of nuclear power plant Bill Gates and Warren Buffet are going to be building in Wyoming, which involves Pacificorp.


Keep in mind any benefits that may occur to the company over time will not show up in either of these illiquid preferreds. They already have IG credit rating. Also be aware PacifiCorp has some major legal issues involving Oregon fires.
Mulligan is offline   Reply With Quote
Old 06-08-2021, 08:50 AM   #353
Recycles dryer sheets
 
Join Date: Feb 2019
Location: NC
Posts: 237
QRTEP...flip or hold?

Priced pretty high now.
Born2Fish is offline   Reply With Quote
Old 06-08-2021, 08:58 AM   #354
Recycles dryer sheets
 
Join Date: Feb 2019
Location: NC
Posts: 237
Quote:
Originally Posted by Born2Fish View Post
QRTEP...flip or hold?

Priced pretty high now.
Too late - I flipped. Recently went ex-div, was up almost 10% from cost basis.
Born2Fish is offline   Reply With Quote
Old 06-08-2021, 09:12 AM   #355
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Sunset's Avatar
 
Join Date: Jul 2014
Location: Spending the Kids Inheritance and living in Chicago
Posts: 11,720
Quote:
Originally Posted by Born2Fish View Post
Too late - I flipped. Recently went ex-div, was up almost 10% from cost basis.
Well that was quick !!
__________________
Fortune favors the prepared mind. ... Louis Pasteur
Sunset is offline   Reply With Quote
Old 06-08-2021, 10:25 AM   #356
Moderator Emeritus
aja8888's Avatar
 
Join Date: Apr 2011
Location: The Woodlands, TX
Posts: 12,656
I'm holding...
__________________
Everyone has a plan until they get punched in the mouth...philosopher Mike Tyson
aja8888 is offline   Reply With Quote
Old 06-08-2021, 10:41 AM   #357
Full time employment: Posting here.
Coolius's Avatar
 
Join Date: May 2010
Posts: 856
I'm holding onto QTREP as well. Bought just under par. If it gets down to the low 100's I may add more.
Coolius is offline   Reply With Quote
Old 06-08-2021, 10:54 AM   #358
Recycles dryer sheets
 
Join Date: Feb 2019
Location: NC
Posts: 237
Quote:
Originally Posted by Sunset View Post
Well that was quick !!
I sold 3/4 of my QRTEP holdings. Will add if it falls back near 100.
Born2Fish is offline   Reply With Quote
Old 06-08-2021, 02:53 PM   #359
Full time employment: Posting here.
 
Join Date: May 2017
Posts: 721
There are so few opportunities out there, so I'm holding QRTEP. I've had a few flips get away from recently, so I'm not taking any chances
brokrken is online now   Reply With Quote
Old 06-10-2021, 03:49 PM   #360
Recycles dryer sheets
 
Join Date: Feb 2019
Location: NC
Posts: 237
Quote:
Originally Posted by brokrken View Post
There are so few opportunities out there, so I'm holding QRTEP. I've had a few flips get away from recently, so I'm not taking any chances
I'm holding preferreds in my tIRA. I figure if I shave $2/share with a GTC Buy order it's worth it.

I like QRTEP.

(Hopefully I don't get stuck.)
Born2Fish is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


» Quick Links

 
All times are GMT -6. The time now is 01:54 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2021, vBulletin Solutions, Inc.