Peanut Convertible Debentures Big Board (as at June 21, 2019)

A female tree swallow (Tachycineta bicolor).  Beaumont, Alberta. Copyright © 2019 Felix Choo / dingobear photography.  Picture available for licensing at Alamy Images. Photo may not be reproduced without permission. 

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Happy summer solstice!  This is the 15th update of the Peanut Convertible Debentures Big Board, with data current to June 21, 2019.  For previous versions of the Peanut Big Board, please click here.

Important disclaimers: Like everything else on this website, content here is provided as information and opinions only and not intended to be a provision of investment advice or a recommendation of any investment action in any form. There is no guarantee, warranty, representation, or other assurance whatsoever on any of the information and opinions provided.  Information and opinions reflect our views as of the date provided, but may change without notice.  Investments made in convertible debentures are exposed to the risk of financial losses, and as with all disseminated information concerning investments, it is highly recommended that an individual consult with a qualified investment professional before making any investment decisions.



A Few Words about the Peanut Convertible Debentures Big Board

For those of you new around here, the Peanut Convertible Debentures Big Board is our attempt at providing a larger list of convertible debentures.  The Peanut Big Board contains some of the same information you'll find in our popular Peanut Convertible Debentures Power Rankings, and this version covers 59 different convertible debenture issues.     

Note the Peanut Big Board is not a complete list of all Canadian convertible debentures, nor is it a replacement for the Peanut Power Rankings, which is more detailed and provides notes and a quantitative estimate of the relative value of the convertible debenture issues that are covered over there. We know that the Peanut Big Board isn't a perfect solution to those of you looking for a carbon copy of the list that used to reside on the pages of the Financial Post, but hopefully you will find utility in its publication here nevertheless.

Let's get to it.  For the Peanut Convertible Debentures Big Board, please click on the table below to read it larger.  If you still find it too small to read, please download the PNG file, which then can be zoomed to a size that you prefer.  

Given the amount of time, effort, and resources that go into maintaining this blog and some of the other key features such as the Peanut Power Rankings and the Peanut Convertible Debentures Index™, at this point it's difficult to commit to a regular schedule in updating the Peanut Big Board.  Since we've introduced it, we've updated it approximately weekly except on those weeks in which the Peanut Power Rankings are published.  For now, we will try to update the Peanut Big Board on roughly that timeframe, but this may change without notice.  Hopefully you find this to be fair; check back regularly for new updates.  
 

Drop Us a Line, Drop Us a Dime

Thank you for reading The Canadian Convertible Debentures Project.  As always, if you have any comments, questions, or feedback about convertible debentures and/or this blog, please leave us a comment at the bottom of the page or email us at convertibledebs@gmail.com. Note it may take us a few days to get back to you depending on our schedules. 

In addition, for media, sponsoring, advertising, and/or financial institution inquiries, please email us at convertibledebs@gmail.com.  We appreciate your interest!

If you enjoy reading this blog and have found it useful and valuable in your own investing in convertible debentures, we'd be humbled if you'd like to make a contribution to support us in our mission of making quality, independent, Canadian convertible debentures content freely available to all investors out there, big or small. We work hard to provide you with good quality information on convertible debentures that may be difficult to source elsewhere.

If you're interested in contributing, please click on the "donate" button below and follow the instructions.  Donations to this blog may be made by credit card or PayPal, and are processed by PayPal as a third-party on a secure platform; we don't ever see or access your credit card number.  We thank you for your continued support - we really appreciate it!

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Peanut Convertible Debentures Index™ (May 2019 Review)

Golden. Kinkaku-ji Temple, Kyoto, Japan. Copyright © 2018 Felix Choo / dingobear photography.  Picture available for licensing at Alamy Images. Photo may not be reproduced without permission. 

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We introduced the Peanut Convertible Debentures Index™ back in January, and we like to think of it as the benchmark convertible debentures index in Canada. For more background on the index, please click here. 

Important disclaimers: Like everything else on this website, content here is provided as information and opinions only and not intended to be a provision of investment advice or a recommendation of any investment action in any form. There is no guarantee, warranty, representation, or other assurance whatsoever on any of the information provided.  Information and opinions reflect our views as of the date provided, but may change without notice.  Investments made in convertible debentures are exposed to the risk of financial losses, and as with all disseminated information concerning investments, it is highly recommended that an individual consult with a qualified investment professional before making any investment decisions.



Peanut Convertible Debentures Index™ (May 2019 Review)

And with a tweet here and a tweet there, global trade tensions were thrust back to the forefront and volatility came back to equity markets.  Canadian stocks, as measured by the S&P/TSX Composite Index were down -3.06% in May, but were still up a heady 13.36% year-to-date.  Bond yields sunk like a stone amidst equity market uncertainty, though the yield remained largely flat with even some inversion on some points on the curve.  

Through it all, convertible debentures, as an asset class, still eeked out a moderate gain.  The Peanut Convertible Debentures Index™ added another 0.90% during the month, which isn't bad at all.Year-to-date to the end of May, the Peanut Convertible Debentures Index™ was up an excellent 6.25%, outperforming the FTSE TMX Canada Convertible Bond Index™ by 0.56%.

Please click on the table below to also see how performance for the Peanut Convertible Debentures Index™ compared with two exchange-listed Canadian convertible debenture ETFs, the iShares Convertible Bond Index (ticker: CVD) and the CI First Asset Convertible Bond Index (CXF), as well as the FTSE TMX Canada Universe Bond Index™ and the S&P/TSX Capped Composite Index.  Pro tip: if you still find the table below too small to read after clicking on it, please simply download the PNG file, which then can be zoomed to a size that you prefer.

If you're a regular reader of this blog, you are probably already aware that we update the Peanut Convertible Debentures Index™ levels and daily percentage changes on a frequent basis in the dedicated widget on the right sidebar for desktop users and the Peanut Convertible Debentures Index™ page for both desktop and mobile users.  We will see how convertible debentures do for the remainder of June, and then return to do another performance update post in about a month's time.

Until then, good luck with your convertible debenture (and other) investing.
 

Drop Us a Line, Drop Us a Dime

Thank you for reading The Canadian Convertible Debentures Project.  As always, if you have any comments, questions, or feedback about convertible debentures and/or this blog, please leave us a comment at the bottom of the page or email us at convertibledebs@gmail.com. Note it may take us a few days to get back to you depending on our schedules. 

In addition, for media, sponsoring, and/or financial institution inquiries, please email us at convertibledebs@gmail.com.  We appreciate your interest!

If you enjoy reading this blog and have found it useful and valuable in your own investing in convertible debentures, we'd be humbled if you'd like to make a contribution to support us in our mission of making quality, independent, Canadian convertible debentures content freely available to all investors out there, big or small.

If you're interested in contributing, please click on the "donate" button below and follow the instructions.  Donations to this blog may be made by credit card or PayPal, and are processed by PayPal as a third-party on a secure platform; we don't ever see or access your credit card number.  We thank you for your continued support - we really appreciate it!

*** 

Peanut Convertible Debentures Power Rankings (as at June 7, 2019)

All eyes on Toronto as the Raptors go for the title on Monday night.  Go Raptors!  Nathan Phillips Square, Toronto, Ontario. Copyright © 2019 Felix Choo / dingobear photography.  Picture available for licensing at Alamy Images. Photo may not be reproduced without permission. 

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Hi, readers.  Welcome to the 43rd update of the Peanut Power Rankings, which takes into account data current to June 7, 2019.  To us, this is a bit of a milestone update because for the first time ever, we've expanded our rankings and rated all of the convertible debenture issues that are listed on our popular Peanut Big Board. This means almost twice as many ranked issues with 58 in this update.  Furthermore, we've added "risk rating" column - this is just our opinion of the relative risk of each particular issue.  As always, your mileage may vary.

Hopefully you find the changes and additions helpful.  Thank you for continuing to read and support the Canadian Convertible Debentures Project.    

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At this time, it might be prudent to re-hash some background for the Peanut Power Rankings.  In a nutshell, the rankings are based on two main considerations: (1) a proprietary quantitative model I developed to help myself determine the "fair value" of a particular convertible debenture issue and (2) a qualitative judgment (based solely on my own humble opinion) on the particular issue, issuer, economic environment, interest rates, and other factors.

Ok, let's get to it.  For Peanut Convertible Debentures Power Rankings, please click on the table below to read it larger.  If you still find it too small to read, please download the PNG file, which then can be zoomed to a size that you prefer.  For those who are looking to obtain a PDF or Excel version, please email us for more information; they can be made available for a small fee. 

For more background information on the Peanut Power Rankings, please see our FAQs by clicking here.

Important!: Like everything else on this website, content here is provided as information and opinions only and not intended to be a provision of investment advice or a recommendation of any investment action in any form. There is no guarantee, warranty, representation, or other assurance whatsoever on any of the information provided.  Information and opinions reflect our views as of the date provided, but may change without notice.  Investments made in convertible debentures are exposed to the risk of financial losses, and as with all disseminated information concerning investments, it is highly recommended that an individual consult with a qualified investment professional before making any investment decisions.



Market Commentary - Super Quick Points (June 7, 2019)

• Given a general shortage of available time over here, we will keep the market commentary more succinct than usual this time around. 
• There's currently inversion in the Canadian bond yield curve between the shortest T-bill maturities and the 10-year bond.  Somewhat paradoxically, Canadian economic data has been quite strong as of late, but given global trade concerns, the Bank of Canada is going to stay exactly where they are for the time being.  
• Speaking of those global trade concerns: well, they're concerning.  I'm going to note that NAFTA 2.0 is still not ratified yet, and Canada, Mexico, and the US (all allegedly allies, mind you), have been working on this for a couple of years now.  In contrast, the US and China do not already have an existing trade deal, and are rivals.  What are the odds we are going to quickly see a deal to quell the trade fears out there? My take: not likely.
• The stock market is holding its own however, though with more volatility.  I can only presume market resilience is present because it feels that the Fed will step in with a rate cut to counter any kind of inane White House trade and/for fiscal policy.  Let's call it a Powell Put.  Will it be enough?  The US will run headfirst into fiscal hurdles and debt ceilings as soon as this fall, and the fractured relationship between the White House and Congress will make deal-making difficult.  And who knows how many new tariffs (which, by the way are a T-A-X tax, which domestic consumers will end up paying) will be slapped on by then.
• This all has the feel of the Republican administrations of the 1920's, and all know what happened in the 1929.  And then the Depression that followed.  And then the global conflict. 
• Let's hope it doesn't go down that road again, we're all smarter now, right?  
• We'll see.  In the meantime, for our convertible debentures, the thinking is the same: emphasize higher credit quality and less speculative issues.  Stay focused on the long-term and seek to protect your capital in case things get rocky in the second half of 2019.  As they say, better safe than sorry.

Drop Us a Line, Drop Us a Dime

Thank you for reading The Canadian Convertible Debentures Project.  As always, if you have any comments, questions, or feedback about convertible debentures and/or this blog, please leave us a comment at the bottom of the page or email us at convertibledebs@gmail.com. Note it may take us a few days to get back to you depending on our schedules. 

In addition, for media, sponsoring, and/or financial institution inquiries, please email us at convertibledebs@gmail.com.  We appreciate your interest!

If you enjoy reading this blog and find it useful and valuable in your own investing in convertible debentures, we'd be humbled if you'd like to make a contribution to support us in our mission of making quality, independent, Canadian convertible debentures content freely available to all investors, big or small, out there.  We thank you for your continued support!

*** 

Peanut Convertible Debenture Big Board (as at May 31, 2019)

The spectacular, Frank Gehry designed, Jay Pritzker Pavilion in Millennium Park, Chicago, Illinois. Copyright © 2014 Felix Choo / dingobear photography.  Picture available for licensing at Alamy Images. Photo may not be reproduced without permission. 

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Hi, there. This is the 14th update of the Peanut Convertible Debentures Big Board, with data current to May 31, 2019.  For previous versions of the Peanut Big Board, please click here.

Important disclaimers: Like everything else on this website, content here is provided as information and opinions only and not intended to be a provision of investment advice or a recommendation of any investment action in any form. There is no guarantee, warranty, representation, or other assurance whatsoever on any of the information and opinions provided.  Information and opinions reflect our views as of the date provided, but may change without notice.  Investments made in convertible debentures are exposed to the risk of financial losses, and as with all disseminated information concerning investments, it is highly recommended that an individual consult with a qualified investment professional before making any investment decisions.



A Few Words about the Peanut Convertible Debentures Big Board

For those of you new around here, the Peanut Convertible Debentures Big Board is our attempt at providing a larger list of convertible debentures.  The Peanut Big Board contains some of the same information you'll find in our popular Peanut Convertible Debentures Power Rankings, and this version covers 58 different convertible debenture issues.     

Note the Peanut Big Board is not a complete list of all Canadian convertible debentures, nor is it a replacement for the Peanut Power Rankings, which is more detailed and provides notes and a quantitative estimate of the relative value of the convertible debenture issues that are covered over there. We know that the Peanut Big Board isn't a perfect solution to those of you looking for a carbon copy of the list that used to reside on the pages of the Financial Post, but hopefully you will find utility in its publication here nevertheless.

Let's get to it.  For the Peanut Convertible Debentures Big Board, please click on the table below to read it larger.  If you still find it too small to read, please download the PNG file, which then can be zoomed to a size that you prefer.  

Given the amount of time, effort, and resources that go into maintaining this blog and some of the other key features such as the Peanut Power Rankings and the Peanut Convertible Debentures Index™, at this point it's difficult to commit to a regular schedule in updating the Peanut Big Board.  Since we've introduced it, we've updated it approximately weekly except on those weeks in which the Peanut Power Rankings are published.  For now, we will try to update the Peanut Big Board on roughly that timeframe, but this may change without notice.  Hopefully you find this to be fair; check back regularly for new updates.  
 

Drop Us a Line, Drop Us a Dime

Thank you for reading The Canadian Convertible Debentures Project.  As always, if you have any comments, questions, or feedback about convertible debentures and/or this blog, please leave us a comment at the bottom of the page or email us at convertibledebs@gmail.com. Note it may take us a few days to get back to you depending on our schedules. 

In addition, for media, sponsoring, advertising, and/or financial institution inquiries, please email us at convertibledebs@gmail.com.  We appreciate your interest!

If you enjoy reading this blog and have found it useful and valuable in your own investing in convertible debentures, we'd be humbled if you'd like to make a contribution to support us in our mission of making quality, independent, Canadian convertible debentures content freely available to all investors out there, big or small. We work hard to provide you with good quality information on convertible debentures that may be difficult to source elsewhere.

If you're interested in contributing, please click on the "donate" button below and follow the instructions.  Donations to this blog may be made by credit card or PayPal, and are processed by PayPal as a third-party on a secure platform; we don't ever see or access your credit card number.  We thank you for your continued support - we really appreciate it!

*** 
PS- Go Raptors!