2007

It’s All About Yield

In contrast to our musings on Ultrapetrol, the importance of yield cropped up in Jefferies’ review of Arlington Tanker’s first quarter. Mr. Douglas Mavrinac writes, “…we expect the increased investor interest in well-protected yield instruments to continue given the inverted yield curve and collapse of the sub-prime mortgage sector. Consequently, we believe well-secured tanker yield names such as Arlington should continue to trade higher given the relative attractiveness of the projected yields compared to other yield-orientated investment instruments, such as MLPs which are currently offering less attractive yields.”

This is only an excerpt of Bank Debt – 04/26/2007

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