Articles

Higher income from preferred stock can provide a buffer during market sell-offs. An investor in the Citigroup 2012 preferred mentioned above could see his investment slide 12% from current levels and still avoid losing money due to the substantial dividend payment, according to David Grenier, portfolio manager for Worcester, Mass., investment firm Cutler Capital Management. more

Deemed niche and complex by some, convertible bonds take the stage among institutional investors. more

Cutler Capital Management, LLC today announced that Robert Butman and Paul Bucci have joined Cutler Capital as Managing Directors and Portfolio Managers, adding to the firm's expertise in convertible securities. more

The Melvin S. Cutler Charitable Foundation, a local philanthropic organization established by design-build entrepreneur Mel Cutler, has contributed $180,000 to the University of Massachusetts Medical School's Annual Research Grant program to support young investigators and their independent research. more

Investors who lost much of their savings during the current bear market ironically need the growth that stocks can provide more than ever. more

Need money? What business doesn't? Borrowing is difficult today, while issuing stock is expensive and risky. For many companies, especially midsize public companies, convertible securities may provide a better option for raising capital. more

Grenier said he can't predict how long it will take for jobs to start growing again, and he said one big question is whether investors will jump back in or sit on the sidelines. In the case of Lehman, he said, many investors may have been hoping that the federal government would step in to offer assistance, as it did for Bear Sterns this spring. When that didn't happen, he said, investors also decided against getting involved, and Lehman ended up having to file for bankruptcy. more

Hedge funds may sound exotic, but they aren't necessarily risky. Still, because they are unregulated, investors need to know what they're getting into. "The original hedge fund was designed to take risk out of investing," says David Grenier, the president of Cutler Capital Management in Worcester, Mass. more

"Local bankers were being challenged across the U.S. in the same way for commercial real estate loans, so the banks had to decide whether they were going to reduce the price (of loans) or accept higher loan-to-value ratios," Grenier said. "The question is . . . what kind of position did they put themselves in?" more

The market always anticipates an economic recovery, but if the economic predictions are any guide, the earliest the market would start to show glimmers of a recovery would be February 2009. So, how do you position your portfolio in the meantime? "There are still opportunities to make money," says David Grenier, president of Cutler Capital Management. more

"The problems manifest themselves differently in the small banks," says Dave Grenier, president of Cutler Capital Management, a money management firm that invests in bank stocks. "There is a softness out there. It's tied to what is going on in the local economies. If you're a community banker, this thing is just starting to roll." more

Says Geoff Dancey, a principal from Worcester, MA-based Cutler Capital Management, there has been move toward more defense real estate sectors by some investors - including Cutler. "Health care REITs, for instance, have been a big beneficiary of this thinking because of the type of tenants they have." more

One of the professional portfolios that sports the maximum four-star rating is Cutler Capital, a money management firm that has returned 78% over the last three years. As many investors shift toward income investments, Cutler Capital's stocks are worth examining. The portfolio was updated last week. more

If you're baffled by Wall Street's performance this past week, consider the increasing influence hedge funds have in manipulating the market. more

Whoever said that nice guys finish last has never met Melvin Cutler and Frederic Mulligan. While turning a business born of frustration into an industry leader in design-build delivery of spectacular industrial, educational and elder-care facilities during their 35-year association, these two men - of different backgrounds but firmly shared values - have earned a reputation for honesty, loyalty and generosity. more

Market corrections can be painful - and lately investors have had to endure their share of pain. But there is an antidote... a growth-and-income investment strategy has the potential to help your investments grow during good times, while protecting you from downside risk during bad times. more

(Our) clients have done well with the convertible preferred issues of Nationwide Health Properties, which owns assisted-living facilities and has a 5.2 percent yield, and Celanese, a chemical company with exposure to Asia and a yield of 2.7 percent. more

"...with the end of the Fed tightening", said David N. Grenier, president of Worcester-based Cutler Capital Management LLC, "it gave more stability to the marketplace." more

In a year when convertible arbitrage has come back into favor as a hedge fund strategy, Worcester, Mass.-based Cutler Capital has found that its different approach to convertible investing is working even better than that of the average convertible fund. more

Geoffrey K. Dancey is now a co-owner of Cutler Capital Management, LLC more

Consider convertibles and REITs, dividend-paying stocks. more

David Grenier wants you to consider a convertible. more

David N. Grenier operates in the hedge fund industry, but he would be hard-pressed to discuss junk bonds in Jakarta or Chinese currency movements. more

"Pay for performance" has been a trend for corporate executives for years. Why should investment professionals be any different? more

"Generally, we are still avoiding many of the higher priced office, mall and industrial REITs and are focusing on REITs within the healthcare and hotel sector which demonstrate stronger fundamentals and more reasonable prices," said Cutler Capital Management president, David Grenier. more