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July 10, 2014  7:16 pmTiny energy exploration and production company FX Energy (ticker:FXEN) is selling a 9.25% Convertible Preferred issue.  This issue while perpetual holds some interest for us.FX Energy is an interesting play in that their main focus area is in Poland---yes really--Poland.  While headquartered in Salt Lake City they hold leases on 2.3 million acres in Poland and just released results…

CHS, the giant Minnesota agricultural cooperative, has announced the registration of 8,000,000 Class B, Series 1 shares.  This is NOT a new issue, but now trades as ticker CHSCO with a 7.875% coupon.   CHSCO may trade down somewhat in the next couple of days as news of the share issuance becomes more widespread (currently the shares are off 36…

July 9, 2014  11 amOverall the markets are quite quiet today after yesterdays stock sell off.  As we scan the U.S. economic calendar for the balance of the week we see nothing that will likely move markets----it seems that only when the monthly employment report is released do we have market moving potential.  We do have earnings season getting under way and…

July 8, 2014  11 amAs we suspected might happen the 10 year treasury after hitting a intraday high of 2.67% last week after the strong employmente report has drifted back down to 2.56% (at this moment).  No one believes the improving economy.  When we wrote last week that even we were feeling 'bullish' on stocks it was a good warning…