NetWorth Radio Advance Report - May 25, 2020

In this NetWorth Radio Advance Report, Spencer McGowan, President of McGowanGroup Asset Management, delivers financial news and intelligence with insights you can act on for May 25, 2020.

Advance Report

Radio Show

Powerful Interviews

Dallas Business Leadership Interviews! How the Tough Really Get Going . . .


Restaurant Superstars and The Way Forward! Spencer McGowan Interviews The Legendary Shannon Wynne!

Shannon Wynne began his career as a restaurateur in 1980. After his favorite bar in Dallas, the Stoneleigh P, burned down, Wynne and a group of friends and investors brought together their resources and opened 8.0 Bar (“Eight-Oh). Wynne opened a string of O-clubs and restaurants across Dallas including Nostromo, The Rio Room, Rocco Oyster Bar, Mexico, and Tango. All of these ventures were highly successful and contributed to Mr. Wynne’s future and ongoing successes.
Flying Saucer Draught Emporium
In 1995, He designed and opened the first Flying Saucer Draught Emporium in Sundance Square with Keith Schlabs. The restaurant included an extensive beer selection, with hundreds of options in bottles and over 80 quality hand-crafted beers on tap. The Flying Saucer now has three location in the DFW metroplex as well as other units including Austin, San Antonio, Houston, Lake Ray Hubbard and Sugarland; Kansas City, Missouri; LIttle Rock, Arkansas; Memphis, Tennessee; Cordova, Tennessee; Nashville, Tennessee, Charlotte, North Carolina; Columbia, South Carolina; and Raleigh, North Carolina.
Flying Fish
In 2002, Mr. Wynne designed and opened the first Flying Fish, a casual seafood restaurant, in Little Rock, Arkansas. The Flying Fish serves catfish, shrimp, oysters, crawfish and other seafood. Wynne expanded the restaurant throughout North Texas with locations in Addison, Dallas: Irving Blvd., Dallas: Preston Center, Garland, Fort Worth, Arlington, Plano, Garland: Firewheel, and Houston.
Meddlesome Moth and Moth Management
In 2010, He designed and opened Meddlesome Moth, a gastro pub with a tap room and a chef driven menu. The restaurant, the first to be located in the Dallas Design District, offers an extensive beer selection with a rare cask tapped weekly. The Moth features art works by James Surls, Frank Tolbert, Dmitri Vail and many others. Mr. Wynne’s other businesses include Rodeo Goat and Miriam
Shannon Wynne is currently on the board of The Bridge Homeless Recovery Center. He has also served on the board of the North Texas Food Bank and KERA radio in Dallas. He co-founded Preservation Park Cities, now called Park Cities Historical and Preservation Society since merging with the Park Cities Historical Society. Wynne co-founded the David Dike Art Auction with Texas art expert David Dike. Wynne currently serves on the Board of the Lone Star Film Festival in Fort Worth, Texas.

COVID-19 Safety Innovations From a Dallas MD! Dr. David Slater Whole Health Kinetix

Dr. David Slater, the founder of Dallas’ Whole Health Kinetics, joins us to provide insights on the future of medical care and progress in medical innovation that is making a difference for patients right here in North Texas.
David A. Slater has been in Family Practice for over 20 years, taking care of patients in and around Irving, Grapevine, Coppell, Euless, Colleyville, Southlake, Westlake, Trophy Club and Dallas. Now, conveniently located in Addison, Dr. Slater introduces a new concept in healthcare with Whole Health Kinetix. He has always wanted to spend more time with his patients, provide customized one-on-one care, help people stay well vs. always treating acute symptoms. 
Dr. Slater is a Dallas native, a graduate of Texas A&M University and UT Southwestern Medical School and values his family time with his wife and two beautiful daughters. 

 

June 2020 MGAM Client Update

Clear Guidance is founded in Clear Strategy:
A steadfast commitment to owning great assets at bargain prices while enjoying the advantages of real cash flow. The temporary storms of crisis often brings irrational anxiety that obscures a longer term view.
Here are some important facts for our clients:
• Cash rates are near zero.
• Financial asset valuations quickly moved from optimistic to pessimistic pricing.
• The principals of estimating forward returns have not changed.
• Growing daily testing numbers for COVID-19 are contributing to isolating and advancing studies to defeat the pandemic.
Globally, countries and companies have moved and learned quickly to contain COVID-19 as well as operate business safely. Our team is working daily to maximize opportunities for optimal outcomes between now and 2025, as well as beyond.
McGowanGroup Asset Management will resume in office client planning appointments, State and County orders permitting, June 1st with safety guidelines.
Additionally, for those at risk, the team has also advanced our phone appointment processes and mastered Zoom appointments to improve our service commitments to you and your family.
Dow Jones Industrial Average  (Year to Date)

– Courtesy of Bloomberg LP

Health Care Select Sector SPDR Fund (Year to Date)

– Courtesy of Bloomberg LP

U.S. Crude Oil – West Texas Intermediate Spot Price (Year to Date) 

– Courtesy of Bloomberg LP

iShares iBoxx High Yield Corporate Bond ETF (Year to Date)

– Courtesy of Bloomberg LP

iShares iBoxx High Yield Corporate Bond ETF (Approx. 13 Years) 

– Courtesy of Bloomberg LP

AllianceBernstein Global High Income Fund, Inc & BlackRock Corporate High Yield Fund, Inc. (12/29/2006 – 12/31/2012)

– Courtesy of Bloomberg LP

Alerian MLP Index & U.S. Crude Oil – West Texas Intermediate Spot Price (Approx. 15 Years)

– Courtesy of Bloomberg LP

Headline Round Up!

*NYSE Back in Business The Week of May 26th!
*Grouchy Fauci Called on the Carpet By Job Creators!
*Real Estate and Retail!
*Major Investment Firms Lost and Scared! Why?
*Goldman, Morgan Stanley, RBC Yet to Announce Office Reopenings.
*The Need for Liability Protection!
*Humans Better Than Trading Bots
*Good News for Puppies! China Says No More Eating Bats and Dogs! A kinder gentler nation?
*I’m Outta Here! Again!
*Golf! Time to Reopen! Spanish Flu Treatment was Outdoors and Sunshine!
*Empty Hospitals!
*Auto Industry Back! Media and Michigan Focused on POTUS Mask?
*Sports Coming Back! South Korea Sports Revenue Innovation!

Texas Energy Gold Rush

*Oil Up $70 Per Barrel in One Month?
*China Oil Demand Nearly Restored!
*Bank of China Hang Yu and Hung Xi?

 

Profit Report!

*How Did Gerald J. Ford Make Several Fortunes?
*If I Can Buy A Good Basket of Loans and Bonds at 70% of Maturity Value, Paying Over 10%, Should I Do It?
*If Cash Flow is King, Where Are The Best Dividends?

 

Research Round Up!

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*JPMorgan Global High Yield Emerging Bond Updates
*Cohen and Steers: Energy Infrastructure Midstream Update

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