(877) 68-ALAMO | information@alamocapital.com
Description: Heber Public Utility District CFD No. 2005-1 Heber Meadows
Amount: 25m
Coupon: 4.75%
Maturity: 9/01/17
Yield: 5.40%YTM
Price: $96.044
Alamo Capital
201 N. Civic Drive, Suite 145
Walnut Creek, CA 94596 (Map)
Phone: (800) 645-5560
Fax: (925) 472-3909
information@alamocapital.com
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Your goals and the solutions to arrive safely at your destination are unique to your situation. The specific characteristics of those goals will determine the appropriate strategies, return requirements, and risk levels you should pursue. This of course, sounds very straightforward and conventional, so much so that many times we... (continue)
Looking for good news? The PMI (purchasing managers' index) rose in December, which placed it at the highest level since April, 2006. On Jan. 5, 2010 the Commerce Department announced that factory orders increased in November which represented the seventh increase in the past eight months. The service sector is... (continue)
The current fear-driven markets are creating many buying opportunities in the municipal bond market. There are big-yield premiums given to lower-rated bonds as well as less traditional types of municipal bonds. Issues that have gotten my attention recently with enticingly high yields are lease revenue bonds. These bonds are considered... (continue)
Determining when to invest is among one of the many decisions facing investors today which frequently causes anxiety. When should an investor commit funds to the marketplace? While market timing is often attempted, it is a risky undertaking. Unfortunately, the average investor usually finds that his or her decision to... (continue)
Every time you turn on the TV or read any financial media outlet, there is always a bull pitted against a bear, each with 10 valid reasons on why the next 12 months will be the best run the stock market has ever seen or why the United States is... (continue)
Often my articles are in response to comments and questions that my clients have about certain investments. Recently, I've had several discussions regarding bond valuations and the direction of the bond market. What I've found most prevalent in these discussions is that most investors can't distinguish between different types of... (continue)
Whether it is "The War of the Worlds" which was aired in 1938 over the radio which convinced listeners that an actual Martian invasion was underway, or that somewhat crazed person walking down the street holding a sign that reads The End is Near, the real world does not skip... (continue)
The Dow Industrials and the Dow Transports have moved above their September highs. This bodes well for the near-term market action. The Dow has now moved up more than 3,400 points since its lows in March, 2009. Before getting too comfortable, let's realize that it's typical for markets to recover... (continue)
Demand for municipal bonds has surged dramatically in the last few months. Most traders and analysts attribute this spike in demand to the practically non-existent returns of alternative investments. With money market rates well below one percent and one year CD rates of 2%, investors are realizing that the cost... (continue)
According to the July 13, 2009 issue of Forbes magazine "advisors recommend stocks for the long-term, but over the past 20 years Treasuries have done better." I must also add that in today's market, bonds may offer better value with less volatility. Going forward I favor income producing investments such... (continue)
California's budget problems are again gathering national press coverage and leading many to believe that the fiscal stability of the state is in jeopardy (and its municipal bonds along with it). This negative publicity makes it appear that California's problems are much more severe than other states' but this is... (continue)
Alamo Capital, a full service financial firm has just purchased sixty new Dell 2100 Notebook computers for the students of St. Martin de Porres Middle School located in Oakland, California. St. Martin de Porres School was started in 1996 to serve the families of West and Northwest Oakland. ... (continue)
What a difference three months can make. I ended my last article in the March Alamo Capital Financial Times issue with the sentence "So for now keep both eyes on the market - when it turns, it will turn in a big way". As we all now know, it did... (continue)
1) Unbelievable Rates: We all know the pathetic rates that money market funds, CD's and U.S Treasury Bonds offer today. But tax-free municipal bonds offer interest rates that are nearly twice as much as taxable Treasury bonds. How about 5% for a 5 to 10 year insured tax- free bond?... (continue)
When you invest in any bond your primary concern should be the issuer's ability to meet its obligation of paying its interest and principal payments in a timely manner. Issuers of municipal bonds have an outstanding record of meeting their financial obligations. However, the recent sub-prime mortgage mess has... (continue)
As many of us have heard lately, this old Chinese proverb is quite relevant. Clearly the philosopher did not create this quote during the last 18 months, and he also certainly didn't have brokerage accounts housed at Bear Stearns or Lehman Brothers. The point here is that we are living... (continue)
Corporate bonds (corporates) are debt obligations issued by companies to finance capital and infrastructure improvements and to fund day to day operations. When companies do not have all the money they need to make purchases, they look to investors to help finance projects. In return for investing in the company,... (continue)
This is what is happening in the stock market as of November 14, 2008. Once again the averages are retesting the October 10th lows, believe it or not. But at this stage of the market, it is acting normally. At this point, the averages have been bouncing off of the... (continue)
With financial corporations' ability to grow earnings in the face of a slowing economy, the outlook for the equity markets in the second half appears to be more of the same. The recent drop in the price of oil coupled with falling commodity prices has created a brighter light at... (continue)
Markets around the world are in turmoil and investors are reeling from their loses and I'm enthusiastically recommending investing in stocks. Well, actually, a type of stock that has most of the characteristics of a bond. How about an investment that yields more than investment grade corporate bonds, has a... (continue)
The price of a barrel of oil hit an all time high of $147.90 during the week of July 7. Comments by the president of the Federal Reserve Bank of Philadelphia helped strengthen the dollar. Higher interest rates could help prop up the slumping dollar. The currencies decline has been... (continue)
AAA is not AAA anymore. In the municipal bond market many insurers are being challenged because of sub prime mortgage investing. When you purchase a bond that has AMBAC, MBIA, FGIC and XLCA insurance they may or may not remain AAA. It used to be so easy to buy a... (continue)
The recent turbulence in the stock markets around the world reminds us again how temperamental the markets can be. If you're having trouble sleeping at night when the stock market tumbles, you may want to take a more drastic approach and reduce your overall exposure to stocks. But the question... (continue)
Currently, the market has been acting in a very volatile manner. A very important rule is to stay calm and not let your emotions determine any important investment decision. The market can move so much up or down in a day that sometimes you can lose sight of your overall... (continue)
For the first time in many years tax-free municipal bonds are yielding more than taxable Treasury bonds. Take advantage of this opportunity. Now municipal bonds are attractive even if you pay no federal taxes. Note that a 30 year Treasury bond yields 4.28% while an A rated or better municipal... (continue)
The recent melt down in the financial services industry reminds me of the torrid days of technology stocks in the earlier part of this decade. As technology stocks went through a steep correction many fortunes were lost. The lessons learned from that bust is that it pays to stay with... (continue)
What are Auction Rate Securities (ARS)? ARS are securities whose interest or dividend rate is reset periodically. They usually have a long term maturity but what makes them interesting is they have an interest rate reset of 7 days, 28 days, 35 days 49 days and six months. Because the... (continue)
The "Sub-Prime" problem has caused housing prices to decline. This decline is affecting people that do not even want to sell their houses. I have heard "throwing the baby out with the bath water" many times on the news. This overreaction is causing some municipal bonds backed by housing to... (continue)