Winemaker
Thinks s/he gets paid by the post
I am adding to my DUK/PRA position below $24.55.
NewTekOne 8.50% Fixed Rate Senior Notes due 2029 CUSIP/ISIN 652526 880/US6525268800 |
Walmart and Amazon could also be looked at as AI/Robot automation plays. When will the 2 largest employers employ more robots than humans?I made a big jump this week and added AMZN and VRTX. Amazon is undervalued, IMHO, and set to generate huge cash flows. SO if the economy goes crapper, I think AMZN wins. So it's a good growth bet and will add the Apple dividend policy,
So, when I get someone else's order in the box with my address on it, do I blame a robot?Walmart and Amazon could also be looked at as AI/Robot automation plays. When will the 2 largest employers employ more robots than humans?
Amazon currently “employs” 520,000 robotic drive units across fulfilment and sort centres. That is 30% of its “workforce”. However, as robots work 24/7/365 and don’t have holidays or sick days, then these 520,000 robots probably account for the equivalent of 1,500,000 extra workers!
Thanks I'm going to look into CTA-A over the next few days. If rates actually fall this year, this may be a great deal at it's current price. I think it's time I start rebuilding my preferred portfolio again.Aja, to carry on your preferred stock thought on a different thread. I also have been toeing back into CTA-A at sub $55. About 6.4% yield and Corteva has a pristine credit rating of A- senior unsecured. I like looking at charts to see what they traded at in previous interest rate eras. If you pull up the chart of it on CNBC you are basically getting it at mid 1990s pricing. Of course Corteva was part of Dow Chemical back then, but its credit rating back then as Dow is no better than it is seperated as Corteva. And of course, why buy a 6% ish big bank preferred at par when you can get a stronger non financial trading 50% below redemption price. This would allow cap appreciation if rates drop, while the other would give you no capital appreciation and likely a call notice to go with it.
Me too, PB. Plan on some payback from a rough Tuesday outing.Added both to my preferred stocks watchlist. Golfing tomorrow but perhaps Friday.
Thanks for the info and the history. I'm making a list, and checking it twice, oh.....that's later this year. But I am getting ready to load up with some preferreds as they were good to me once.Aja, There is also a sister issue CTA-B, that trades in low $70s similar yield. It is callable at $120 and A is callable at $102. They both were issued over 70 years ago, so no real risk of a call for either. My preference was A only because it is more under par and had a slight yield advantage at purchase. These 2 are on NYSE and not OTC. But still very illiquid being the floats though bigger than most from that era are largely institutionalized so patience is needed for best pricing when one decides its the right time to enter.
PB, I cant say I love insurers or banks much (or anything much except utilities , lol) , but I snagged a few hundo around this price as a hold. Their credit and holdings in terms of credit quality I suspect are totally unrelated to those rumors. Likely just hit equity and even that has climbed back. I just typically look for issues with a fair yield but way under par, if I am looking at perpetuals (or long maturity sub debt). So I will dabble here.^^^ I posted a similiar question on innovatineincomeinvestor.com and it looks like company has been having short attacks on the common and may have misselling and the baby bonds have followed the common.
PB, the only other time I have seen this was with NYCB bank. Fitch rated preferred like 3 notches below others because not only was it subordinated to the subordinated debt, but was also noncumulative… Anyhow Fitch rates KTH BBB+, so S&P must nick it for some criteria Moodys and Fitch do not. Even so S&P rates its senior unsecured BBB+, so I have zero worries here with a fully regulated transmission and distribution only utility. They are undergoing a major cap ex plan, and regulatory rate recovery approvals always lag a bit there in PA. No concern for me.Mulligan, you must be my brother from a different mother! I bought at full position of KTH just today... 6.5% works for me. Any idea why the unusual disparity between the S&P (BBB-) and Moody (A3) ratings for KTH? I hadn't seen such a disparity before.