Featured Articles
Newtek Business Services Corp 7.5% Notes Due 2022
Tim McPartland | September 17, 2015
Date Issued 9/23/2015Shares Issued 328,000 Overallotment Shares 49,200S&P Rating NR Moodys Rating NRSecurity Ticker Symbol NEWTZMarket Traded ON NASDAQInterest Payment Paid on the Last Day of March, June, September and December beginning on 12/31/2015Quarterly Interest .469 Annual Interest 1.875Securities may be redeemed, at the issuers option, as early as 09/23/2018 for a redemption price of $25/share…
Waiting for Yellen–Is It Really That Important?
Tim McPartland | September 17, 2015
We are waiting for the afternoon announcement from the FED just like those that work in the financial markets, but we have to ask ourselves 'is it really THAT important?".For us we are hoping for a modest raise in the FED funds rate so we can get it behind us and make some plans (purchases) without being jerked around on…
So Much For Quiet Markets–Stocks and Interest Rates Jump
Tim McPartland | September 15, 2015
Just when we thought markets would be quiet for a few days we get a day when stocks jump by over 200 Dow points while interest rates shoot higher (the 10 year treasury up 10 basis points). We sure can't make sense of this. The Dow jump would indicate a belief of no rate hike on Thursday while the treasury…
Qwest Corporation 6.625% Notes Due 2055
Tim McPartland | September 15, 2015
Date Issued 9/15/2015Shares Issued 16,000,000 Overallotment Shares 2,400,000S&P Rating BBB- Moodys Rating Baa3LOW INVESTMENT GRADESecurity Ticker Symbol CTZMarket Traded ON NYSEInterest Payment Paid on the 15th of March, June, September and December beginning on 12/15/2015Quarterly Interest .414 Annual Interest 1.656Securities may be redeemed, at the issuers option, as early as 09/15/2020 for a redemption price of…
Total Fixation on Rates Seems To Be The Order Of The Day
Tim McPartland | September 15, 2015
We are back after a couple days off to 'recharge' our batteries. Taking a few days away from the office is always great, but it makes you wonder how long you want to endure the rat race of the daily grind.Turning on the business news today you can't get away from the talk of the potential Fed actions (or inaction)…