|
|
|
|
| BondsOnline.com: instant access to and extensive coverage of over 3.5 million stocks, bonds, indexes and other securities covering major and emerging markets and exchanges across the globe. |
|
|
| Bonds Online |
|
|
| 5/10/2013Market Performance |
| Municipal Bonds |
|---|
|
S&P National Bond Index
|
3.00% |
|
|
S&P California Bond Index
|
2.96% |
|
|
S&P New York Bond Index
|
3.13% |
|
|
S&P National 0-5 Year Municipal Bond Index
|
0.70% |
|
|
| S&P/BGCantor US Treasury Bond |
400.09 |
|
| More |
|
| Income Equities: |
|---|
| Preferred Stocks |
|---|
|
S&P U.S. Preferred Stock Index
|
848.03 |
|
|
S&P U.S. Preferred Stock Index (CAD)
|
636.26 |
|
|
S&P U.S. Preferred Stock Index (TR)
|
1,701.05 |
|
|
S&P U.S. Preferred Stock Index (TR) (CAD)
|
1,276.26 |
|
|
| REITs |
|---|
|
S&P REIT Index
|
174.07 |
|
|
S&P REIT Index (TR)
|
425.30 |
|
|
| MLPs |
|---|
|
S&P MLP Index
|
2,469.58 |
|
|
S&P MLP Index (TR)
|
5,428.50 |
|
|
See Data
|
|
|
|
 |
|
|
|
|
|
|
Edison Mission Energy 2016 Bond: High Yield With Relatively Low Risk |
Seeking Alpha - Sept. 2, 2011 - By Sol Palha
This is potentially a great strategy to lock in better than average rates of returns without having to deal with the wild swings of the market. We will use the Edison mission energy bonds that expire on 06/15/2016 as an example, but first let’s look at the whole company in a bit more detail.
Edison Mission Energy is a subsidiary of Edison International (EIX). Edison International, which is based in California, was founded in 1886, so they have been around for awhile and should be here for many years and decades to come.
It has interests in 45 power plants, one of which is located in Turkey. Its 45 power plants have an aggregate generating capacity of 11,247 megawatts of which EME (Edison Mission Energy) share is roughly 10.170 megawatts. It trades energy on the open market and sells power via contracts with large utilities and distributors. As of December 31, 2009, the company served approximately 400 cities and a population of approximately 13 million people.
Approximately 73% of the company's power was generated by coal plants, 15% by natural gas, and 12% by wind energy. As of Nov 2010, it had 29 projects in various stages of completion in its wind portfolio, with a projected capacity of roughly 3,700MW.
EIX as of the 1st of Sept has a market cap of 12.02 billion. It has a trailing P/E of 11.53 and a forward P/E of 13.98. It ha 945 million in cash which works out to $2.90 a share; revenue is growing at a quarterly rate of 8.08% (Y-O-Y). Revenue for the year came in at $12.62 billion, or $38.72 per share. Institutions own a healthy 77.8% of the float which serves as a strong vote of support for the company. It also suggests that they have to be bullish on EIX's long term prospects; otherwise they would not be so heavily invested in it. The company also pays out a yearly dividend of roughly 3.4%; the average yield for the past 5 years was 3.01%.
For the complete article.
|
|
|
|
|
|
| Partner Market Place |
|
|
|
| Stuff to look at |
Yield and Income Newsletter: A must have for income investors. subscribe NOW
S&P Commentary and Newsletters: S&P
|
|
| BondsOnline Advisor |
Income Security Recommendation January 2013 Issue.
Keep up with monthly, in-depth coverage of fixed income market strategies, commentary, and insights as seen by our sources. Sign up for the free BondsOnline Advisor now!
Unsubscribe here [+] |
|
|
|
|
|
|
|
|
