August 2023
Bond Market Stress Declines… For Now
Bank loans are becoming harder to obtain. Meanwhile, credit ratings on corporate bond issuers are improving. The freight train represented by credit tightening is hurtling down the track, but it hasn’t arrived at the station yet.
Dollar General Covered Call Update
On July 13, we recommended that subscribers sell the Dollar General (DG) August 18, 2023, expiration $170 calls (ticker: DG230818C00170000) at $4 or better, against our long recommendation in the common stock. The share price closed at $162.99 on August 18 (Friday). That’s below the $170 strike price – which means that the call option we recommended selling expired
Exclusive Excerpt: Special Situations in Stocks and Bonds
In this exclusive excerpt from his seminal work on special situations investing, author and trader Maurece Schiller shows how to profit from companies undergoing a reorganization, merger, acquisition, spinoff or corporate misstep. First chapter reproduced by publishers’ permission.