Investment Ideas

Grant’s Interest Rate Observer strives to produce rigorously researched and thoroughly analyzed investment ideas. Herewith, a sampling from the not-too-distant past. Paid-up subscribers, please click on the article title in the “Headline” Column to download the entire story.

Nvidia Corp.
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NVDA@US  |  June 29, 2018  |  Crypto’s doppelganger

In the California gold rush, the pick-and-shovel vendors famously out-earned the starry-eyed Forty-Niners. So it may prove in the crypto field today. A good, hard look at the leading pick-and-shovel merchant of the bitcoin-mining mania.

W.R. Berkley Corp.
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WRB@US  |  February 23, 2018  |  Let’s assume

The bull stock market is a fact, the coming bear bond market a hypothesis. Imagination is no substitute for a margin of safety.

SoftBank Group Corp.
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9984@JP  |  December 15, 2017  |  Epitome of the cycle

Every financial epoch has its avatar. For this epoch, we nominate a certain mammoth, leveraged, complex and speculative business a half world away. “The smartest guy in the room.”

Arrow Global Group plc.
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ARW@LN  |  November 3, 2017  |  Pay Me, Plc.

Debt begets debt, which begets defaults. Defaults beget debt collectors, which begets the debt (and the equity) of the debt collectors themselves. Behold the story of humanity in markets.

Greif Inc.
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GEF@US   |  September 22, 2017  |  Barrel roll

Dubious governance, environmental depredation, a stretched valuation and a vulnerable dividend – it's the very stock not to own, and the very dividend yield on which not to depend, on the eve of a recession.

Bitcoin Investment Trust
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GBTC@US  |  September 8, 2017  |  Crypto 36,000

Craft currencies, fiat money, craft beer and gold bullion – argument holds no power against the locomotive force of a speculative mania.

Facebook
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FB@US   |  August 11, 2017  |  Concerning Mark Zuckerberg

Like Alexander the Great, the Facebook CEO has only one world to conquer. Then, again, unlike Alexander's world, Zuckerberg's market is both expandable and contractible. A meaningful community of the rich and liquid?

Whirlpool Corp
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WHR@US  |  February 10, 2017  |  Spin cycle

Ingenious humans can produce better products at lower prices. They can likewise transform low GAAP earnings into high non-GAAP earnings. Such intellects make their home at a certain iconic American manufacturer. But whither free cash flow?

Unum Group
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UNM@US  |  October 28, 2016  |  Disabled no more

Vanishingly rare is the profitable, market-leading, stockholder-attuned, reasonably large, reasonably cheap business that would stand to gain by a rise in interest rates. This party to the mysteries of actuarial science and insurance accounting would seem to tick every box.

Hanesbrands Inc.
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HBI@US  |  July 1, 2016  |  Inside Story

Strange to relate, the collapse of the share prices of Valeant Pharmaceuticals International and Endo International has drawn no line under the era of debt-funded

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Company Ticker Issue Date Print Headline
Nvidia Corp. NVDA@US Jun. 29, 2018 Crypto’s doppelganger
W.R. Berkley Corp. WRB@US Feb. 23, 2018 Let’s assume
SoftBank Group Corp. 9984@JP Dec. 15, 2017 Epitome of the cycle
Arrow Global Group plc. ARW@LN Nov. 3, 2017 Pay Me, Plc.
Greif Inc. GEF@US Sep. 22, 2017 Barrel roll
Bitcoin Investment Trust GBTC@US Sep. 8, 2017 Crypto 36,000
Facebook FB@US Aug. 11, 2017 Concerning Mark Zuckerberg
Whirlpool Corp WHR@US Feb. 10, 2017 Spin cycle
Unum Group UNM@US Oct. 28, 2016 Disabled no more
Hanesbrands Inc. HBI@US Jul. 1, 2016 Inside Story
Signet Jewelers Ltd. SIG@US Jun. 3, 2016 Lending clubbed
Snap-on Inc. SNA@US Jun. 3, 2016 Lending clubbed
Campbell Soup Co. CPB@US Mar. 25, 2016 Sell Big Food
Kraft Heinz Co KHC@US Mar. 25, 2016 Sell Big Food
Valeant Pharmaceuticals International VRX@US Mar. 7, 2014 Drug dealer
The most recent two years of investment ideas are only available to paid-up subscribers. (Please log in.)
Canadian Apartment Properties Real Estate Investment Trust
CAR-U@CN Nov. 17, 2017 About that dividend
Iron Mountain, Inc.
IRM@US Nov. 17, 2017 About this dividend
Dollar Tree, Inc.
DLTR@CN Nov. 17, 2017 Upholster your portfolio
Fortescue Metals Group Ltd.
FMG@AU Nov. 17, 2017 Upholster your portfolio
Transocean Ltd.
RIG@US Nov. 3, 2017 Not the FANGs
Ensco plc.
ESV@US Nov. 3, 2017 Not the FANGs
Arrow Global Group plc.
ARW@LN Nov. 3, 2017 Pay Me, Plc.
Kohl’s Corp.
KSS@US Oct. 20, 2017 Attack of the killer BBBs
Allergan Inc.
AGN@US Oct. 20, 2017 Attack of the killer BBBs
Kraft Heinz Co
KHC@US Oct. 20, 2017 Attack of the killer BBBs
Solar Capital Ltd.
SLRC@US Oct. 20, 2017 Sun shines
Annaly Capital Management
NLY@US Oct. 6, 2017 Preferred income
AGNC Investment Corp.
AGNC@US Oct. 6, 2017 Preferred income
Capstead Mortgage Corp.
CMO@US Oct. 6, 2017 Preferred income
Carrefour S.A.
CA@FP Sep. 22, 2017 Meet the Carrefour S.A. senior unsecured 1-3/4s of 2022
AT&T Inc.
T@US Sep. 22, 2017 Meet the Carrefour S.A. senior unsecured 1-3/4s of 2022
Restaurant Brands International Inc.
QSR@US Sep. 22, 2017 Meet the Carrefour S.A. senior unsecured 1-3/4s of 2022
Verizon Communications
VZ@US Sep. 22, 2017 Meet the Carrefour S.A. senior unsecured 1-3/4s of 2022
Greif Inc.
GEF@US Sep. 22, 2017 Barrel roll
Restoration Hardware Holdings
RH@US Sep. 22, 2017 'It's chaos'
Bitcoin Investment Trust
GBTC@US Sep. 8, 2017 Crypto 36,000
Contura Energy Inc.
CNTE@US Sep. 8, 2017 For the contrary
Hallador Energy Co.
HNRG@US Sep. 8, 2017 For the contrary
Facebook
FB@US Aug. 11, 2017 Concerning Mark Zuckerberg
C&J Energy Services Inc.
CJ@US Jul. 28, 2017 Seven singularities
Netflix Inc.
NFLX@US Jul. 28, 2017 Seven singularities
BlackRock
BLK@US Jul. 28, 2017 Seven singularities
Sprint Corp.
S@US Jul. 28, 2017 Seven singularities
SemGroup Corp.
SEMG@US Jul. 14, 2017 Viscous black yields
Delek Logistics Partners L.P.
DKL@US Jul. 14, 2017 Viscous black yields
Antero Midstream Partners L.P.
AM@US Jul. 14, 2017 Viscous black yields
Aaron’s Inc.
AAN@US Jun. 30, 2017 Reaching for customers
Restaurant Brands International Inc.
QSR@US Jun. 30, 2017 Food fight joined
Restaurant Brands International Inc.
QSR@US Jun. 16, 2017 At donuts drawn
JB Hi-Fi Ltd.
JBH@AU Jun. 16, 2017 Two hips joined
Restaurant Brands International Inc.
QSR@US Jun. 2, 2017 Rumblings from the great white north
W.W. Grainger
GWW@US May. 5, 2017 In the Bezos bullseye
Deere & Co.
DE@US Apr. 21, 2017 Bots buy beans
Midas Gold Corp.
MAX@CN Apr. 21, 2017 Long Shots, Inc.
Tower Hill Mines Ltd.
THM@US Apr. 21, 2017 Long Shots, Inc.
NovaGold Resources
NG@US Apr. 21, 2017 Long Shots, Inc.
Kraft Heinz Co
KHC@US Mar. 24, 2017 Price war for Warren Buffett
Netflix Inc.
NFLX@US Mar. 10, 2017 You only get par
Restaurant Brands International Inc.
QSR@US Mar. 10, 2017 You only get par
TransDigm Group Inc.
TDG@US Mar. 10, 2017 You only get par
SoftBank Group Corp.
9984@JP Mar. 10, 2017 You only get par
Oasis Petroleum Inc.
OAS@US Mar. 10, 2017 Laddered oil play
Suncor Energy Inc.
SU@CN Mar. 10, 2017 Laddered oil play
Copperbelt Energy Corp plc
CEC@ZL Mar. 10, 2017 Laddered oil play
Transocean Ltd.
RIG@US Mar. 10, 2017 Laddered oil play
Atwood Oceanics
ATW@US Mar. 10, 2017 Laddered oil play
CarMax Inc.
KMX@US Feb. 24, 2017 Disabled vehicles
Fortress Investment Group
FIG@US Feb. 24, 2017 White flag at Fortress
Blackstone Mortgage Trust
BXMT@US Feb. 24, 2017 So long for now
Whirlpool Corp
WHR@US Feb. 10, 2017 Spin cycle
New Gold
NGD@US Feb. 10, 2017 Mine disaster
Fibra Uno
FUNO11@MM Jan. 27, 2017 REIT numero uno
Hudson Pacific Properties Inc.
HPP@US Jan. 27, 2017 Changing places
Kilroy Realty Corp.
KRC@US Jan. 27, 2017 Changing places
BHP Billiton Ltd.
BHP@AU Jan. 13, 2017 Sell a non sequitur
Rio Tinto Ltd.
RIO@AU Jan. 13, 2017 Sell a non sequitur
Fortescue Metals Group Ltd.
FMG@AU Jan. 13, 2017 Sell a non sequitur
Marmara Capital Equity Fund
SRMDSMH@TI Jan. 13, 2017 Horrible to bad
Dogan Gazetecilik A.S.
DGZTE@TI Jan. 13, 2017 Horrible to bad
Gunes Sigorta A.S.
GUSGR@TI Jan. 13, 2017 Horrible to bad
Akenerji Elektrik Uretim A.S.
AKENR@TI Jan. 13, 2017 Horrible to bad
Turkish Airlines
THYAO@TI Jan. 13, 2017 Horrible to bad
Cameco Corporation
CCO@CN Jan. 13, 2017 Mushroom cloud parts
Sprint Corp.
S@US Dec. 23, 2016 Wrong number
SL Green Realty Corp
SLG@US Dec. 23, 2016 Can make it anywhere
Middleby Corp.
MIDD@US Dec. 23, 2016 Out of the kitchen
Constellation Software Inc.
CSU@CN Dec. 9, 2016 Past Performance, Inc.
Parkway Inc.
PKY@US Nov. 25, 2016 Redheaded stepchild REIT
Packaging Corp. of America
PKG@US Nov. 25, 2016 Contain your enthusiasm
KapStone Paper and Packaging Corp.
KS@US Nov. 25, 2016 Contain your enthusiasm
Seacor Holdings
CKH@US Nov. 11, 2016 Opportunity droops
Hang Seng Bank Ltd
11@HK Nov. 11, 2016 Banking on Turmoil
Wells Fargo Short-Term Municipal Bond Fund Class A
WSMAX@US Oct. 28, 2016 No yield for you
Ball Corp.
BLL@US Oct. 28, 2016 Kicking the can
Unum Group
UNM@US Oct. 28, 2016 Disabled no more
United Rentals Inc.
URI@US Oct. 28, 2016 Keep selling it
Ashtead Group plc
AHT@LN Oct. 28, 2016 Keep selling it
BlackRock
BLK@US Sep. 30, 2016 House of fads
Fosun International Ltd.
656@HK Sep. 30, 2016 One-stock ETF
Post Holdings Inc.
POST@US Sep. 16, 2016 From hunger
Deere & Co.
DE@US Sep. 16, 2016 Worst is yet to come
National Commercial Bank
NCB@AB Aug. 12, 2016 Hostile banking
Sberbank
SBER@RX Aug. 12, 2016 Hostile banking
Dorian LPG Ltd.
LPG@US Aug. 12, 2016 Dorian gray
Kerry Group plc
KYG@ID Jul. 29, 2016 Corporate mystery meat
iShares International Treasury Bond ETF
IGOV@US Jul. 29, 2016 Speculating for income
J.P. Morgan Chase
JPM@US Jul. 29, 2016 Speculating for income
Capstead Mortgage Corp.
CMO@US Jul. 29, 2016 Speculating for income
Blackstone Mortgage Trust
BXMT@US Jul. 29, 2016 Speculating for income
Banco Bilbao Vizcaya Argentaria SA
BBVA@SM Jul. 15, 2016 European scavenger hunt
Ashtead Group plc
AHT@LN Jul. 15, 2016 Borrow to rent
United Rentals Inc.
URI@US Jul. 15, 2016 Borrow to rent
Hanesbrands Inc.
HBI@US Jul. 1, 2016 Inside Story
Middleby Corp.
MIDD@US Jun. 17, 2016 Waiter, the check
Tahoe Resources
THO@CN Jun. 17, 2016 Just enough hair
Pan American Silver
PAAS@US Jun. 17, 2016 Just enough hair
iShares Silver Trust
SLV@US Jun. 3, 2016 Up with the accidental metal
iShares Silver Trust
SLV@US Jun. 3, 2016 Popular Pariahs
Grupo Financiero Galicia
GGAL@US Jun. 3, 2016 Popular Pariahs
Adecoagro S.A.
AGRO@US Jun. 3, 2016 Popular Pariahs
Transportadora de Gas del Sura SA
TGS@US Jun. 3, 2016 Popular Pariahs
Snap-on Inc.
SNA@US Jun. 3, 2016 Lending clubbed
Signet Jewelers Ltd.
SIG@US Jun. 3, 2016 Lending clubbed
Allison Transmission Holdings Inc.
ALSN@US May. 20, 2016 Transmission mechanism
Canadian Apartment Properties Real Estate Investment Trust
CAR-U@CN May. 20, 2016 Yield from hunger
Royal Bank of Scotland
RBS@LN May. 20, 2016 We hardly knew ye
SL Green Realty Corp
SLG@US May. 6, 2016 Sell New York
Daishi Bank
8324@JT May. 6, 2016 Made (up) in Japan
Nanto Bank
8367@JT May. 6, 2016 Made (up) in Japan
Shizuoka Bank
8355@JT May. 6, 2016 Made (up) in Japan
Solar Capital Ltd.
SLRC@US Apr. 22, 2016 Credit the yield
Financial Engines
FNGN@US Apr. 22, 2016 Advice at a price
Alibaba Group Holding Ltd
BABA@US Apr. 22, 2016 Short and a long
InRetail Peru Corp.
INRETC1@PE Apr. 22, 2016 South of the border
Empresa Nacional de Telecomunicaciones SA, ENTEL
ENTEL@CI Apr. 22, 2016 South of the border
Royal Bank of Scotland
RBS@LN Apr. 8, 2016 Least to beast
Deere & Co.
DE@US Apr. 8, 2016 Dialing for dollars
Kilroy Realty Corp.
KRC@US Apr. 8, 2016 Wide open spaces
Kraft Heinz Co
KHC@US Mar. 25, 2016 Sell Big Food
Campbell Soup Co.
CPB@US Mar. 25, 2016 Sell Big Food
Seacor Holdings
CKH@US Mar. 25, 2016 Investment value—“on”
Deere & Co.
DE@US Mar. 11, 2016 Borrow to plow
National Oilwell Varco
NOV@US Mar. 11, 2016 For the un-meek
NOW Inc
DNOW@US Mar. 11, 2016 For the un-meek
Atwood Oceanics
ATW@US Mar. 11, 2016 For the un-meek
Transocean Ltd.
RIG@US Mar. 11, 2016 For the un-meek
Hancock Holding Co.
HBHC@US Mar. 11, 2016 Trade closed
Texas Capital Bancshares
TCBI@US Mar. 11, 2016 Trade closed
Cullen/Frost Bankers
CFR@US Mar. 11, 2016 Trade closed
BOK Financial
BOKF@US Mar. 11, 2016 Trade closed
Valeant Pharmaceuticals International
VRX@US Mar. 11, 2016 Valeant's fine print
Hallador Energy Co.
HNRG@US Jan. 15, 2016 Black as coal
Casino Guichard Perrachon SA
CO@FP Jan. 15, 2016 Neither fish nor fowl
Customers Bancorp, Inc.
CUBI@US Dec. 11, 2015 Interest rates by the clock
Diamond Resorts International
DRII@US Dec. 11, 2015 Interest rates by the clock
Restoration Hardware Holdings
RH@US Dec. 11, 2015 Anticipating Mr. Friedman
BOK Financial
BOKF@US Nov. 27, 2015 Banking on energy
Hancock Holding Co.
HBHC@US Nov. 27, 2015 Banking on energy
Texas Capital Bancshares
TCBI@US Nov. 27, 2015 Banking on energy
Cullen/Frost Bankers
CFR@US Nov. 27, 2015 Banking on energy
Westlake Chemical Partners LP
WLKP@US Nov. 27, 2015 Guilt by association
CBL & Associates Properties
CBL@US Nov. 13, 2015 Over here, Carl Icahn!
Valeant Pharmaceuticals International
VRX@US Oct. 30, 2015 Saul Steinberg's second coming
NovaGold Resources
NG@US Oct. 30, 2015 Rock-paper-scissors
Fortress Investment Group
FIG@US Oct. 16, 2015 Exit, Michael Novogratz
Forestar Group
FOR@US Oct. 16, 2015 Acres of hope
Solar Capital Ltd.
SLRC@US Oct. 16, 2015 Constructive developments
Ares Capital Corp.
ARCC@US Oct. 16, 2015 Constructive developments
Golub Capital
GBDC@US Oct. 16, 2015 Constructive developments
AGNC Investment Corp.
AGNC@US Oct. 16, 2015 Postscript to value
Capstead Mortgage Corp.
CMO@US Oct. 16, 2015 Postscript to value
Kilroy Realty Corp.
KRC@US Oct. 2, 2015 Towers of deflation
SolarCity Corp.
SCTY@US Oct. 2, 2015 Predatory borrower
Altice N.V.
ATC@NA Oct. 2, 2015 Frontiers of junk
Frontier Communications Corp.
FTR@US Oct. 2, 2015 Frontiers of junk
Fortress Investment Group
FIG@US Sep. 18, 2015 Unaccountably cheaper
Deutsche High Income Opportunities Fund
DHG@US Sep. 18, 2015 Closed-end days
Eaton Vance Municipal Bond Fund
EIM@US Sep. 18, 2015 Closed-end days
Western Asset High Yield Defined Opportunity Fund
HYI@US Sep. 18, 2015 Yield to term
Western Asset Global Corporate Defined Opportunity Fund
GDO@US Sep. 18, 2015 Yield to term
Nuveen Build America Bond Fund
NBB@US Sep. 18, 2015 Yield to term
Nuveen Build America Bond Opportunity Fund
NBD@US Sep. 18, 2015 Yield to term
iShares J.P. Morgan EM Local Currency Bond ETF
LEMB@US Sep. 4, 2015 Almighty ringgit?
Franklin Resources
BEN@US Sep. 4, 2015 Almighty ringgit?
iShares JP Morgan U.S. Dollar Emerging Markets Bond ETF
EMB@US Sep. 4, 2015 Almighty ringgit?
Morgan Stanley Emerging Markets Domestic Debt Fund
EDD@US Sep. 4, 2015 Almighty ringgit?
Templeton Emerging markets Income Fund
TEI@US Sep. 4, 2015 Almighty ringgit?
Western Asset Emerging Markets Debt Fund
ESD@US Sep. 4, 2015 Almighty ringgit?
AllianceBernstein Income Fund
ACG@US Sep. 4, 2015 10% off sale
BlackRock Taxable Municipal Bond Trust
BBN@US Sep. 4, 2015 10% off sale
DoubleLine Income Solutions
DSL@US Sep. 4, 2015 10% off sale
Blackstone/GSO Senior Floating Rate Term Fund
BSL@US Sep. 4, 2015 10% off sale
Blackstone/GSO Strategic Credit Fund
BGB@US Sep. 4, 2015 10% off sale
Deutsche High Income Trust
KHI@US Sep. 4, 2015 10% off sale
Fondual Proprietatea
FP@RO Sep. 4, 2015 10% off sale
Advanced Micro Devices
AMD@US Aug. 7, 2015 Fault lines in credit
Sberbank
SBER@RX Aug. 7, 2015 Global verbiage glut
Moscow Exchange
MOEX@RX Aug. 7, 2015 Global verbiage glut
Avianca Holdings SA
AVH@US Aug. 7, 2015 Global verbiage glut
General Shopping Brasil S.A.
GSHP3@BZ Aug. 7, 2015 Global verbiage glut
Grupo Nutresa SA
NUTRESA@CB Aug. 7, 2015 Global verbiage glut
LifeLock
LOCK@US Jul. 24, 2015 Toss away the key
Radian Group
RDN@US Jul. 24, 2015 On the rebound
MGIC Investment Corporation
MTG@US Jul. 24, 2015 On the rebound
Calavo Growers
CVGW@US Jul. 24, 2015 Holy guacamole!
Quest Diagnostics
DGX@US Jul. 24, 2015 New diagnosis
Wendy’s
WEN@US Jun. 26, 2015 Check, please, waiter
Under Armour
UA@US Jun. 12, 2015 Under analyzed
Hallador Energy Co.
HNRG@US Jun. 12, 2015 Pessimism to burn
Paris Orleans SA
PAOR@FP May. 29, 2015 Wire-pullers of the twenty-first century
Endo International Plc
ENDP@US May. 29, 2015 Wire-pullers of the twenty-first century
Quest Diagnostics
DGX@US May. 29, 2015 Get your free money!
CBL & Associates Properties
CBL@US May. 15, 2015 The only game
Pan American Silver
PAAS@US May. 15, 2015 Balance-sheet story
Kone OYJ
KNEBV@FH May. 1, 2015 Elevator going down
AerCap Holdings NV
AER@US Apr. 17, 2015 Radical negative one
athenahealth
ATHN@US Apr. 17, 2015 Radical negative one
Reliance Industries Ltd.
RIL@IN Apr. 17, 2015 Up with India
Surgutneftegas
SGGD@LI Apr. 17, 2015 Leaders have to lead
Owens-Illinois
OI@US Apr. 17, 2015 Value times three
Koppers Holdings
KOP@US Apr. 17, 2015 Value times three
Tidewater Inc.
TDW@US Apr. 17, 2015 Value times three
Accelerate Diagnostics
AXDX@US Apr. 3, 2015 Use as directed
Ironwood Pharmaceuticals
IRWD@US Apr. 3, 2015 Use as directed
MannKind Corp.
MNKD@US Apr. 3, 2015 Use as directed
Nordic American Tankers Ltd.
NAT@US Apr. 3, 2015 Turn of the tide?
Euronav NV
EURN@US Apr. 3, 2015 Turn of the tide?
Cairn Energy
CNE@LN Mar. 20, 2015 Bullish even now
Paramount Resources Ltd.
POU@CN Mar. 20, 2015 Bullish even now
HomeAway
AWAY@US Mar. 6, 2015 Get out of town
Barrick Gold
ABX@US Mar. 6, 2015 Last to first
Methanex Corp
MEOH@US Feb. 20, 2015 Mistaken identity
Ping An Insurance Group Co.
2318@HK Feb. 6, 2015 Essence of China
Fairfax India Holdings Corp.
FIH/U@CN Feb. 6, 2015 Passage to capitalism
LifeLock
LOCK@US Feb. 6, 2015 Not such a lock
Restoration Hardware Holdings
RH@US Jan. 23, 2015 House of mirrors
Forest City Enterprises
FCE/A@US Jan. 23, 2015 Good news for a change
Hallador Energy Co.
HNRG@US Jan. 9, 2015 Christmas came early
North Atlantic Drilling Ltd.
NATDF@US Dec. 12, 2014 Baiting a hook
Quest Diagnostics
DGX@US Nov. 28, 2014 Quest and ye shall find
Annaly Capital Management
NLY@US Nov. 28, 2014 Preferred income
AGNC Investment Corp.
AGNC@US Nov. 28, 2014 Preferred income
Capstead Mortgage Corp.
CMO@US Nov. 28, 2014 Preferred income
Ares Capital Corp.
ARCC@US Nov. 28, 2014 Preferred income
Golub Capital
GBDC@US Nov. 28, 2014 Preferred income
Monmouth Real Estate Investment Corporation
MNR@US Nov. 28, 2014 Preferred income
Paragon Offshore
PGN@US Nov. 28, 2014 Opportunity in confusion
Goodrich Petroleum
GDP@US Nov. 28, 2014 Opportunity in confusion
Halcon Resources
HK@US Nov. 28, 2014 Opportunity in confusion
Transocean Ltd.
RIG@US Nov. 28, 2014 Opportunity in confusion
Fortress Investment Group
FIG@US Nov. 14, 2014 Unaccountably cheap
Petroleo Brasileiro SA
PBR@US Nov. 14, 2014 Pick to not click
CME Group
CME@US Oct. 31, 2014 Rise of the machines
Intercontinental Exchange
ICE@US Oct. 31, 2014 Rise of the machines
Swiss National Bank
SNBN@SW Oct. 31, 2014 SNBN is the Ticker, in Zurich
Capstead Mortgage Corp.
CMO@US Oct. 17, 2014 Yield times four
AGNC Investment Corp.
AGNC@US Oct. 17, 2014 Yield times four
Blackstone Group L.P.
BX@US Oct. 17, 2014 Yield times four
Annaly Capital Management
NLY@US Oct. 17, 2014 Yield times four
iShares JP Morgan U.S. Dollar Emerging Markets Bond ETF
EMB@US Oct. 17, 2014 Yield to hope
Fifth Street Senior Floating Rate Corp.
FSFR@US Oct. 3, 2014 Yield on sale
Fifth Street Finance Corp.
FSC@US Oct. 3, 2014 Yield on sale
Golub Capital
GBDC@US Oct. 3, 2014 Yield on sale
Ares Capital Corp.
ARCC@US Oct. 3, 2014 Yield on sale
Petroleo Brasileiro SA
PBR@US Oct. 3, 2014 Bonds of debt
Evercore Partners Inc.
EVR@US Sep. 19, 2014 Sell advisory
North Atlantic Drilling Ltd.
NATDF@US Sep. 19, 2014 Heavy seas
Transportadora de Gas del Sura SA
TGS@US Sep. 5, 2014 So long then, Cristina Fernandez de Kirchner
Jazz Pharmaceuticals PLC
JAZZ@US Sep. 5, 2014 Narcolepsy blues
Horsehead Holding Corp.,
ZINC@US Sep. 5, 2014 Three amigos
North Atlantic Drilling Ltd.
NATDF@US Sep. 5, 2014 Three amigos
iStar Financial
SFI@US Sep. 5, 2014 Three amigos
Goldman Sachs Group
GS@US Aug. 8, 2014 Yield to steepness
Moscow Exchange
MOEX@RX Aug. 8, 2014 For the outcasts
Market Vectors Russia ETF
RSX@US Aug. 8, 2014 For the outcasts
Sberbank
SBER@RX Aug. 8, 2014 For the outcasts
Franklin Resources
BEN@US Jul. 11, 2014 Sell to whom?
Forest City Enterprises
FCE/A@US Jul. 11, 2014 Just you wait
Tocqueville Gold Fund
TGLDX@US Jun. 27, 2014 ‘Doesn’t have to be a reason’
iShares iBoxx $ Investment Grade Corporate Bond Fund
LQD@US Jun. 27, 2014 ‘Doesn’t have to be a reason’
Monmouth Real Estate Investment Corporation
MNR@US Jun. 27, 2014 FedEx’s little friend
Enstar Group Ltd.
ESGR@US Jun. 13, 2014 Book’s closed
New Gold
NGD@US Jun. 13, 2014 A million for Pierre
Detour Gold Corp.
DGC@CN Jun. 13, 2014 A million for Pierre
Kone OYJ
KNEBV@FH May. 30, 2014 Going down
Dorian LPG Ltd.
LPG@US May. 30, 2014 All ahead full
Valeant Pharmaceuticals International
VRX@US May. 30, 2014 Reality check
Gazprom OAO
OGZD@LI May. 16, 2014 From Russia with value
Rosneft OAO
RUSN@LI May. 16, 2014 From Russia with value
Lukoil OAO
LKOD@LI May. 16, 2014 From Russia with value
Sberbank
SBER@RX May. 16, 2014 From Russia with value
GATX Corporation
GMT@US May. 16, 2014 Couldn’t be better
Allergan Inc.
AGN@US May. 2, 2014 Sacrificial creditors
Valeant Pharmaceuticals International
VRX@US May. 2, 2014 Sacrificial creditors
Waste Management
WM@US May. 2, 2014 Garbage time
Valeant Pharmaceuticals International
VRX@US Mar. 7, 2014 Drug dealer
Boardwalk Pipeline Partners
BWP@US Mar. 7, 2014 Under the Boardwalk
Clean Harbors, Inc.
CLH@US Feb. 7, 2014 Deal us out
Fastenal Co.
FAST@US Feb. 7, 2014 Unfasten it
Amazon.com
AMZN@US Jan. 24, 2014 So close to the sun
Conn’s Inc.
CONN@US Jan. 24, 2014 Paycheck to paycheck
China Cinda Asset Management Co.
1359@HK Jan. 24, 2014 Heretofore unimagined
Dorman Products
DORM@US Jan. 10, 2014 Collision course
Klondex Mines
KDX@CN Jan. 10, 2014 Nature's own bitcoin
Teranga Gold
TGZ@CN Jan. 10, 2014 Nature's own bitcoin
NovaGold Resources
NG@US Jan. 10, 2014 Nature's own bitcoin
Golub Capital
GBDC@US Dec. 13, 2013 The price is wrong
Annaly Capital Management
NLY@US Dec. 13, 2013 The price is wrong
AGNC Investment Corp.
AGNC@US Dec. 13, 2013 The price is wrong
Keryx Biopharmaceuticals
KERX@US Dec. 13, 2013 Just say no
Weiss Korea Opportunity Fund
WKOF@LN Dec. 13, 2013 Preferred by more
Hyundai Motor
005380@KS Dec. 13, 2013 Preferred by more
Paris Orleans SA
PAOR@FP Dec. 13, 2013 European antique show
Pretium Resources
PVG@US Dec. 13, 2013 Problem child redux
Blackstone Mortgage Trust
BXMT@US Nov. 29, 2013 Plugging for 9%
Hallador Energy Co.
HNRG@US Nov. 29, 2013 Fuel least popular
Tile Shop Holdings
TTS@US Nov. 15, 2013 Introducing the Grant's Story Stock Index
Boulder Brands
BDBD@US Nov. 15, 2013 Introducing the Grant's Story Stock Index
Opko Health
OPK@US Nov. 15, 2013 Introducing the Grant's Story Stock Index
Sprouts Farmers Market
SFM@US Nov. 15, 2013 All you can eat
Progressive Corp.
PGR@US Nov. 1, 2013 Not so fast, Joseph Schumpeter
ENI S.p.A
ENI@IM Oct. 18, 2013 Investing in Yellen
Pretium Resources
PVG@US Oct. 18, 2013 Investing in Yellen
Wal-Mart Stores
WMT@US Oct. 4, 2013 Assets less crummy
3M Co
MMM@US Oct. 4, 2013 Assets less crummy
Raytheon Co.
RTN@US Oct. 4, 2013 Assets less crummy
Kinder Morgan Inc.
KMI@US Sep. 20, 2013 We said, he said
Forest City Enterprises
FCE/A@US Sep. 20, 2013 Forest and trees
Northern Dynasty Minerals
NAK@US Sep. 20, 2013 Not so golden
Lumber Liquidators Holdings
LL@US Sep. 6, 2013 Floor to ceiling
iStar Financial
SFI@US Aug. 9, 2013 Special situation redux
Annaly Capital Management
NLY@US Aug. 9, 2013 Quartered and drawn
AGNC Investment Corp.
AGNC@US Aug. 9, 2013 Quartered and drawn
Hatteras Financial Corp
HTS@US Aug. 9, 2013 Quartered and drawn
Capstead Mortgage Corp.
CMO@US Aug. 9, 2013 Quartered and drawn
North Atlantic Drilling Ltd.
NATDF@US Jul. 12, 2013 Stormy weather
Pretium Resources
PVG@US Jul. 12, 2013 Cheap and cheaper
Bank of Nova Scotia
BNS@CN Jul. 12, 2013 Unsafe havens
Danske Bank A/S
DANSKE@DC Jul. 12, 2013 Unsafe havens
Bancolombia SA
CIB@US Jun. 28, 2013 Revenge of the invisible hand
Credicorp Ltd.
BAP@US Jun. 28, 2013 Revenge of the invisible hand
Market Vectors Gold Miners ETF
GDX@US Jun. 28, 2013 Revenge of the invisible hand
Hatteras Financial Corp
HTS@US Jun. 28, 2013 Revenge of the invisible hand
AGNC Investment Corp.
AGNC@US Jun. 28, 2013 Revenge of the invisible hand
Annaly Capital Management
NLY@US Jun. 28, 2013 Revenge of the invisible hand
PNC Financial Services
PNC@US Jun. 14, 2013 On the authority of Bill Gross
Charles Schwab
SCHW@US Jun. 14, 2013 Rooting rates higher
Lincoln National Corp.
LNC@US Jun. 14, 2013 Rooting rates higher
MetLife
MET@US Jun. 14, 2013 Rooting rates higher
Treasury Wine Estates
TWE@AU Jun. 14, 2013 Beijing to Sydney
Fleetwood Corp.
FWD@AU Jun. 14, 2013 Beijing to Sydney
Westpac Banking Corp.
WBC@AU Jun. 14, 2013 Beijing to Sydney
Bank of Queensland
BOQ@AU Jun. 14, 2013 Beijing to Sydney
Monadelphous Group
MND@AU Jun. 14, 2013 Beijing to Sydney
Genesee & Wyoming Inc
GWR@US Jun. 14, 2013 Beijing to Sydney
Zoomlion
1157@HK Jun. 14, 2013 Beijing to Sydney
Infosys
INFO@IN Jun. 14, 2013 BRIC-laying
NovaGold Resources
NG@US May. 17, 2013 Puts on Ph.D.s
MGM Energy
MGX@CN May. 17, 2013 Puts on Ph.D.s
Lumber Liquidators Holdings
LL@US May. 17, 2013 Puts on Ph.D.s
AGNC Investment Corp.
AGNC@US May. 17, 2013 Pole-vault yields
Hatteras Financial Corp
HTS@US May. 17, 2013 Pole-vault yields
Annaly Capital Management
NLY@US May. 17, 2013 Pole-vault yields
Babcock & Wilcox Co.
BWC@US May. 3, 2013 Nuclear option
Apollo Global Management
APO@US Apr. 19, 2013 Complexity made simple
Nordea Bank AB
NDA@SS Apr. 5, 2013 On the true meaning of Cyprus
Danske Bank A/S
DANSKE@DC Apr. 5, 2013 On the true meaning of Cyprus
Cameco Corporation
CCO@CN Mar. 22, 2013 Nuke ‘em
Pennsylvania Real Estate Investment Trust
PEI@US Mar. 22, 2013 Just looking
Westpac Banking Corp.
WBC@AU Mar. 22, 2013 Banking on China
Bank of Queensland
BOQ@AU Mar. 22, 2013 Banking on China
Monadelphous Group
MND@AU Mar. 8, 2013 China sneezes
Pretium Resources
PVG@US Mar. 8, 2013 Metals redux
Northern Dynasty Minerals
NAK@US Mar. 8, 2013 Metals redux
Horsehead Holding Corp.,
ZINC@US Mar. 8, 2013 Metals redux
Annaly Capital Management
NLY@US Feb. 22, 2013 Oases of income
AGNC Investment Corp.
AGNC@US Feb. 22, 2013 Oases of income
Blackstone Group L.P.
BX@US Feb. 22, 2013 For the unrepressed
KKR & Co. LP
KKR@US Feb. 22, 2013 For the unrepressed
Kohl’s Corp.
KSS@US Feb. 8, 2013 Standing pat
Rackspace Hosting
RAX@US Jan. 25, 2013 In case the music stops
Northern Dynasty Minerals
NAK@US Jan. 25, 2013 Gold by the share
Pretium Resources
PVG@US Jan. 25, 2013 Gold by the share
Kohl’s Corp.
KSS@US Jan. 25, 2013 Call on prosperity
Destination Maternity
DEST@US Jan. 11, 2013 Returns to illiquidity
Kulicke & Soffa
KLIC@US Jan. 11, 2013 Returns to illiquidity
iStar Financial
SFI@US Dec. 14, 2012 Well-marked book
Tejon Ranch Company
TRC@US Nov. 30, 2012 Land rush
Amrep Corp.
AXR@US Nov. 30, 2012 Land rush
Reis Inc.
REIS@US Nov. 30, 2012 Above their weight
Ocean Bio Chem
OBCI@US Nov. 30, 2012 Above their weight
Mastech Holdings
MHH@US Nov. 30, 2012 Above their weight
Redwood Trust
RWT@US Nov. 16, 2012 The votes are in
Hatteras Financial Corp
HTS@US Nov. 16, 2012 The votes are in
AGNC Investment Corp.
AGNC@US Nov. 16, 2012 The votes are in
MFA Financial Inc.
MFA@US Nov. 16, 2012 The votes are in
Golub Capital
GBDC@US Nov. 2, 2012 Reluctant optimist
Hospira
HSP@US Nov. 2, 2012 Thanks, Mr. Market
Wright Medical
WMGI@US Nov. 2, 2012 Thanks, Mr. Market
CIT Group
CIT@US Nov. 2, 2012 Thanks, Mr. Market
MetLife
MET@US Oct. 19, 2012 Ben Bernanke kicks Snoopy
Ares Capital Corp.
ARCC@US Oct. 19, 2012 Ben Bernanke kicks Snoopy
Metal Constructions of Greece (Metka)
METTK@GA Oct. 19, 2012 Greek bearing news
AGNC Investment Corp.
AGNC@US Oct. 5, 2012 Calm before the storm
Hyundai Motor Co., preferred
005387@KS Sep. 21, 2012 Uncommonly preferred
General Motors
GM@US Aug. 10, 2012 Bullish on the one with the hair
Google
GOOG@US Jul. 27, 2012 Human progress at a market multiple
Blackstone Group L.P.
BX@US Jul. 27, 2012 Opportunism still knocks
Cairn Energy
CNE@LN Jul. 13, 2012 Just in case
Paramount Resources Ltd.
POU@CN Jul. 13, 2012 Just in case
Fleetwood Corp.
FWD@AU Jul. 13, 2012 The People's Outback
Kinder Morgan Inc.
KMI@US Jun. 29, 2012 $2 and a dream
Exor SpA
EXO@IM Jun. 15, 2012 Panic of the headline writers
Prada SpA
1913@HK Jun. 15, 2012 Time piece
Tiffany & Co.
TIF@US Jun. 15, 2012 Time piece
Richemont SA
CFR@VX Jun. 15, 2012 Time piece
BASF SE
BAS@GY Jun. 1, 2012 Bubble in safety
Nestle SA
NESN@VX Jun. 1, 2012 Bubble in safety
Zoomlion
1157@HK May. 18, 2012 Made in China
New Gold
NGD@US May. 18, 2012 Bid wanted—please!
Pan American Silver
PAAS@US May. 18, 2012 Calling Mitt Romney
Boardwalk Pipeline Partners
BWP@US May. 4, 2012 Gas-fired income
Annaly Capital Management
NLY@US Apr. 6, 2012 Like typos
Emmis Communications Corp.
EMMS@US Mar. 23, 2012 Not preferred
Genesee & Wyoming Inc
GWR@US Mar. 23, 2012 Short a short line
Coca-Cola Co.
KO@US Mar. 9, 2012 Not so fast, Warren Buffett
Africa Opportunity Fund
AOF@LN Jan. 27, 2012 Above its weight
Monadelphous Group
MND@AU Jan. 13, 2012 The Big 'However'
Societe Internationale de Plantations et de Finance
SIP@BB Jan. 13, 2012 The Big 'However'