Featured Articles
TravelCenters of America LLC 8% Senior Notes Due 2029
Tim McPartland | December 18, 2014
Date Issued 12/15/2014 Shares Issued 4,800,000 Overallotment Shares 720,000 S&P Rating NR Security Ticker Symbol TANNL Market Traded ON NASDAQ Interest Payment Paid on the Last Day of February, May, August and November beginning on 02/28/2015 Quarterly Interest .50 Annual Interest 2.00 Securities may be redeemed, at the issuers option, as early as 12/15/2017 for a redemption price…
Wild Swings Continue! Model Tweaks
Tim McPartland | December 18, 2014
It is obvious to us that trading types are in charge of these markets, stocks and interest rates, as none of us more conservative investors are contributing to these big drops and corresponding up moves. Now we are 'so happy' because the Fed is going to be 'patient' when moving interest rates--give me a break. None of their patience changes…
Messy Month to Continue No Matter What the Fed Says
Tim McPartland | December 17, 2014
Well by now everyone has had their fill of this messy month. It isn't that the S&P is off too much--or that interest rates keep falling, but is simply one of leaving no market sector untouched. Of course it was the oil and gas upstreams--and midstreams and anything that had the word 'oil' or natural gas' in it, that have…
The Week Ahead
Tim McPartland | December 15, 2014
After the relatively severe beatdown of last week we are looking to execute a couple items this week. 1st off we are looking to dump 1 BDC issue (which we do not know yet). Simply put BDC's have performed poorly over the last 6 months--although tossing off high yields which softens the blow. We hope to get through some BDC…
Pummeling Continues – This too Shall Pass
Tim McPartland | December 12, 2014
The selloff in stocks continues as it appears no one wants to own energy related assets or any stock that is highly sensitive to a slowing global economy (what isn't?). Certainly a bunch of the selling is asset managers wanting to 'pretty up the books' for the year end close, but we believe much more of it is a questioning…