Seeking Alpha
  • Shane Blackmon
    closed-end funds are trading WELL above NAV. starting to get taken apart after Barron's article. $PHK, $PHT, $PGP. $PHK over 60% above NAV
    10/9/12
    Reply (5)
    • afr6262: 25% of PHK assets dont have a mkt which might effect nav. Also the duration of holdings is long enough to sustain dividend for many years
      10/9/12
    • afr6262: 25% of PHK assets dont have a mkt which might effect nav. Also the duration of holdings is long enough to sustain dividend for many years
      10/9/12
    • Shane Blackmon: Not saying they can't keep paying dividend... buy why are investors paying a 60% premium to the assets. If they sold all assets....
      10/9/12
    • Shane Blackmon: tomorrow at a reasonable price (no discount), it would only be worth $8.38 the NAV for PHK
      10/9/12
    • Shane Blackmon: You wan't to pay $160 for somethign that is worth only $100?
      10/9/12