Floaters

Floating Rate Notes I thought I write a bit about floating rate notes (FRN) as when the price is right, it can be a good investment for those who need a steady income. So what are floating rate notes? According to Wikipedia: “Floating rate notes (FRNs) are bonds that have a variable coupon, equal to a money market reference rate, like LIBOR or federalRead More

Flying through the fog …

Regional Express FY2015 results Rex recently announced its FY2015 results and it was a mixed result with both favourable and unfavourable elements.  Let’s start with the bad news: Passenger numbers were down again. YOY it fell another 2.7% and this is the 7th year of continuous fall in passenger numbers.  I am convinced that theRead More