Equus II, Inc. (EQS)

All Comments on EQS

  • commenter
    49er
    Oct 15 08:37 AM
    Closed-End Funds: Understand What You're Buying [view article]
    Better check out whether or not a CEF with a large discount also has a large use of leverage. A large leverage could spell serious problems ahead for a CEF. Reply
  • commenter
    captmike
    Oct 15 08:28 AM
    Closed-End Funds: Understand What You're Buying [view article]
    It's also worth noting that many closed end funds are thinly traded, causing larger price volatility when large holders liquidate. This will smooth out in the long run of course, but will cause the short term investor real concern. Reply
  • commenter
    grunt0311rvn
    Sep 13 07:47 AM
    10 Closed-End Funds Trading at Large Discounts [view article]
    Looking for low risk high income Reply
  • commenter
    bsharvy
    Aug 28 03:05 AM
    My Website
    Trading Closed-End Funds - An Update [view article]
    CET is certainly cheap, but there hasn't been any insider buying in a long time. It might be a good value, but it wouldn't qualify as a buy in this informal screening system.

    As for dividing vs. subtracting, the answer is that I don't know. It's just a different system. As calclay says, a ratio of discount/fee prioritizes low fees, compared to simply subtracting the fee from the discount.     Reply
  • commenter
    calclay
    Aug 20 04:49 PM
    Trading Closed-End Funds - An Update [view article]
    Why does it need to be a ratio, why not just track the discount % minus the fee %?

    Making it a ratio seems to distort the importance of the fee, no?     Reply
  • commenter
    George
    Spritzer
    Aug 19 04:16 PM
    My Website
    Trading Closed-End Funds - An Update [view article]
    Ben-

    What is your opinion of Central Securities (ticker CET)? It has a low expense ratio and high discount to NAV. Their top holding is Plymouth Rock which is private. It is a solid company, but the lack of liquidity might add to the CET discount.     Reply
  • commenter
    bsharvy
    Aug 05 11:49 PM
    My Website
    Trading Closed-End Funds - An Update [view article]
    Oops. In my comment above, I should have said discount/fee ratio.

    Kevintx is right about a nice feature of foreign funds. The Swiss Fund (SWZ) gives you access to Roche and Nestle, two blue chips that US investors can only trade in the Pink Sheets. The Swiss Fund also has a policy have not hedging currency, so it's an indirect way of buying the Swiss Franc (a traditional safe haven).     Reply
  • commenter
    bsharvy
    Aug 05 11:43 PM
    My Website
    Trading Closed-End Funds - An Update [view article]
    The "M.Star" column is the Morningstar rating. The "Insiders" column is my semi-subjective opinion of the strength of recent insider buying (3 is best).

    There's more detail about the system in the original article (this article is an update). Briefly, the fund never buys a CEF with a fee/discount ratio under 5 or no insider buying in the last year. Discounts have widened quite a bit since I first started testing the system, so now it is easy to find fee/discount ratios of 10 or more.     Reply
  • commenter
    kevintx
    Aug 05 10:02 AM
    Trading Closed-End Funds - An Update [view article]
    Discount / fees of 8 or more is a good value. Also some of the foreign CEFs have a bonus as the underlying securities are difficult or expensive to trade directly. Reply
  • commenter
    JCCIII
    Aug 05 09:03 AM
    Trading Closed-End Funds - An Update [view article]
    Very interesting. Ben, could you provide additional explanation of the meanings of the numbers under the Insiders and M.Star columns? Thanks. Reply
  • commenter
    Gary Lucido
    Aug 05 07:55 AM
    My Website
    Trading Closed-End Funds - An Update [view article]
    Yep. I've maintained myself that a portion of the discount on a closed end fund represents the discounted value of the expenses. Reply
  • commenter
    Whidbey
    Aug 01 03:27 PM
    10 Closed-End Funds Trading at Large Discounts [view article]
    I holding some toxic trash, but I am getting 13% and 14% from them and the principal grows. Still, I would be elsewhere if I were not underwater. Reply
  • commenter
    Saj
    Jul 29 11:36 PM
    My Website
    How to Buy Alternative Energy for Free [view article]
    Hey FX, you're right those are high fees. A lot of it is undoubtedly due to the type of fund this is, investing in many many small private companies, therefore often requiring a wide range of expertise. By the way, looking at returns since 1993 can be a bit deceptive, as since 2003 the fund has gone from $68 million in equity up to $103 million. I'm not saying that's the best time-frame to evaluate them on, but a lot has happened since 1993!!

    Hey Red, as pointed out in the article, even if Infinia is worth nothing, you still own more than what you paid for (assuming you believe the valuations, which are tough to do when there's no quotations).

    Thanks for the comments.     Reply
  • commenter
    steve Ward
    Jul 29 08:46 PM
    How to Buy Alternative Energy for Free [view article]
    The shareholders need to revolt and install management with a better performance option or new management entirely. Reply
  • commenter
    steve Ward
    Jul 29 08:44 PM
    How to Buy Alternative Energy for Free [view article]
    This fund is 100 percent speculation and the market discount to NAV is proof. But so what, who wouldn't want to own 100 to 200 shares as a "flyer". My only problem is that management isn't wedded to to the shareholder via pain and performance. That's why I'm not buying. The risk part I like, its fun, win or lose. Reply
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