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Politics : Ask Michael Burke

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To: Ralph W. who wrote (94780)	3/2/2002 5:09:34 PM
From: Joan Osland Graffius	Read Replies (1) of 132070

Ralph, Hard to find high quality yields these days. I still own TGG and they are going to merge with your GIM, I can not make a decision on selling or holding. Frozen!!!! GIM's debt is a little more risky than TGG's, on the other hand these Templeton folks do a good job of managing the risk. Right now am leaning towards just holding because at my cost am getting 8.34%. Greed. <g> Recently started purchasing FCO which gives me some more currency debt outside our boarders. Like FCO's debt because it is mostly provincial and government debt of Australia, Canada and England. IMO, higher grade debt than GIM. Still own FAX and do not plan on selling. Both FAX and FCO do pay out capital as part of their dividends. Bought a first 1/3 of TLM preferred A. This yields 9% and generally can be bought close to par after the dividend payout. I looked at their balance sheet and the cash flow looks good for paying interest on their debt. Have been waiting for it to trade under par for a second third, but it has not traded below par since I bought. If I remember correctly the debt is rated BBB- by S&P. Bought a first third of APJ. This is 8.25% at par and also trades close to par after payout. This one was rated BBB by S&P when I purchased it. NAT has a nice dividend and own a third position there. The minimum dividend on this stock should be $1.44 because of the minimum contract payments from BP. Some people on SI own VLCCF in this area of super tankers. I did a trade off between the two and there does not seem to be much of a difference. The reason I bought NAT was there tankers are structured into different legal separate subsidiaries so if they lose one tanker and the insurer does not pay all or partial replacement the rest of the fleet is not affected. A little protection. I could not find that VLCCF has this kind of structure - maybe they do. Gabelli has a 7.20% Tax Advantaged Series B Cumulative Preferred Stock rated AAA. I would buy this if it ever gets down close to par. A couple of stocks I own but would not recommend to my worst enemy. EOT with a yield of over 14.5% and TRU for a return of 16% at Fridays closing prices. If you look at these charts you can see where I have been with them. TRU is a depleting resource company and I will not hold it for the long haul, but have fought this one so I have a decent profit. I am busy fighting EOT and my position is not currently break even by a long shot. <g> Own a 2/3 rds position of USU. Now are you ready for this. Started collecting some long term US government debt. Have a 1/10th position. <ggg> Another place to looks is South African precious metal stocks. GOLD and HGMCY send good dividends and I expect higher dividends going forward. They have had a good run lately but something to think about. Also IMPAY pays a good dividend, but I am waiting to buy if it corrects. Maybe an entry of $20 would be where I would start a first third. AAUK is also on my radar screen, I missed this one during the September melt down. The followings a list collected by SI'rs of companies that deliver respectable dividends: HGT TRU LRT DOM BPT UST CRT SJT NLY HCN USU WTU PCL NAT VLCCF CHC ALD FUN PSD Joan

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