Rocky’s Weekly Stock Picks
This week we’re going to be looking out for any near-future ex-divs on LP’s. But first…
CVFI - $10.22/share, this is a Special Acquisition Company, a SPAC. We’re expecting great things here. Not at the level of Donald Trump’s SPAC, but still predictably impressive. In September there will be a finalizing vote to merge with Rumble.
This security is unfortunately not accessible on Robinhood at this time.ACVF - $32.03/share, we expect that RUM will become part of the American Conservative Value Fund’s portfolio. We regularly add to this one anyway, and now we have a reason to buy a little more.
YCBD.A - $3.50/share, Cumulative, Redeemable, Convertible. $0.80/share annually paid in monthly arrears. That could potentially change, but we’ll see at least $0.20, for a solid 5.7% return.
We can convert at any time to common shares at $6/share (1.66 shares of common : 1 share preferred). They may be automatically converted if common share price moves above $8.35.
Shares may be redeemed in October of 2023 at a price of $10 per share (plus accrued dividends that may not have been paid).UAN - $117.67/share - 17.79% annualized return. We just missed this quarter’s ex-div, and we expect the annualized return to adjust, but that’s all just fine.
This isn’t just an MLP, this is one of the few that is not an oil company. That’s not to say that we don’t love oil, we absolutely love oil in all its magnificent glory. However, having some money in Agricultural Inputs sounds like a fantastic diversification.
And of course, as an MLP, we pay no tax until we’ve ROI’d.
STR - $27.69/share, ex-div 8/17, about $0.70/share per quarter. Sitio Royalties Corp., formerly Falcon Minerals Corporation, is a mineral and royalty company. The Company acquires, owns, and manages oil and gas mineral and royalty interests operated by a diversified set of exploration and production companies. It focuses on investing in mineral and royalty interests in the Permian and other productive United States (U.S.) oil basins.
