Costamare PFD E: No Obvious Credit Angle, No Obvious Duration Angle [Seeking Alpha]
Costamare Inc. $0.0001 par value (CMRE)
Last costamare inc. $0.0001 par value earnings: 4/29 06:53 am
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US:NYSE Investor Relations:
ir.costamare.com
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Source: Seeking Alpha
Implied credit ratings on the preferreds based on spreads don't leave a credit angle upside. It's difficult to posit that long-term rates should be lower than where they already are on the yield curve. We think that optionality in trade and trade disruption like the issues in the Red Sea should have people much more focused on the common stock than the preferreds. Looking for a helping hand in the market? Members of The Value Lab get exclusive ideas and guidance to navigate any climate. Learn More » Costamare Series E Preferreds ( NYSE: CMRE.PR.E ) are the most junior of the preferreds in the whole capital stack, above only common stock. Value drivers here are credit quality of Costamare ( CMRE ) and duration considerations, as they are basically ultra-long duration unsecured credit. We've discussed them in the past, and the core idea that the common stocks are more worth following has not changed, especially as trade disruption events could become recurring trading opportuni
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High impacting Costamare Inc. $0.0001 par value news events
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CMRE
News
- Costamare Inc. (NYSE: CMRE) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Costamare Inc. (NYSE: CMRE) had its price target raised by analysts at Stifel Nicolaus from $11.50 to $12.00. They now have a "hold" rating on the stock.MarketBeat
- Costamare Inc. (NYSE: CMRE) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Should Value Investors Buy Costamare (CMRE) Stock? [Yahoo! Finance]Yahoo! Finance
- Costamare (NYSE:CMRE) Will Pay A Dividend Of $0.115 [Yahoo! Finance]Yahoo! Finance
CMRE
Earnings
- 2/7/24 - Beat
CMRE
Analyst Actions
- 4/19/24 - Stifel
CMRE
Sec Filings
- 4/11/24 - Form EFFECT
- 4/2/24 - Form 6-K
- 3/29/24 - Form 6-K
- CMRE's page on the SEC website