SCCF - Sachem Capital: I Am Sticking With The 9% Yielding Baby Bonds
2024-03-22 10:30:00 ET
Summary
- Sachem Capital's fixed income securities are attractive.
- Sachem's interest payments are well covered, and its balance sheet is robust, providing a cushion for debt holders.
- Some of the baby bonds issued by Sachem offer a yield to maturity of approximately 9%, providing excellent value for money.
Introduction
Sachem Capital ( SACH ) still has to report its financial results for the fourth quarter of 2023 next week but I don’t necessarily want to wait that long before boosting my exposure to the fixed income securities issued by Sachem. As the Federal Reserve recently hinted at three rate cuts this year , I am continuing to look into increasing my exposure to fixed income. I own several different baby bonds issued by Sachem Capital as I like the debt securities more than the common shares. This article is meant as an update to my previous coverage of Sachem Capital and its securities and I would recommend you to read the older articles here ....
Sachem Capital: I Am Sticking With The 9% Yielding Baby Bonds