nhall110

Looking for suggestions of other good fixed income reading material similar to Third Avenue's Focused Credit Fund - where managers regularly put out their thoughts generally, but also discuss specific investments. Thanks.

Stock moving today - any idea why?

Apologies for the question, but was hoping some of you experts on here could shed some light on the current BV of FFH. With no real applicable background, would appreciate some valuation help. Thanks in advance.

Understood. I was more focused on the things that you can know, mainly on the asset side. Put another way - what was the the post quarter end movement in the portfolio (BAC +% + JNJ -%, etc). Just the most precise estimation of value during the quarter.

Does anyone know of any resources for a real-time valuation of FFH & it's holdings, that might help track BV during the quarter as asset values move around? Thanks.

yes

no...it'll be 5-6% cash interest, then pay off 10% of it a year through amos.

why do you say that? Leverage, though high, isn't too crazy. There's plenty of FCF, owned RE assets, plus support from the parent

confirmed. dividend recap in the market

Looks like he was buying after all. Interesting that he was buying under the legal name of the The Lion Fund.

wasn't sardar buying ~$300 not too long ago? I thought it might have been him.

Anyone know what's going on with BH today? Up pretty markedly on a down day for the markets? Volume seems a bit higher, but no crazy.

As someone admittedly completely ignorant about shipping, could you fill in the holes to the thesis for me? Generally speaking, I'd guess that most things look cheap on a book value basis (mkt value > ship value), but there don't seem to be any real barrier to entry.

Anyone seen anything out of Grant's Fall conference yesterday?