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das555

das555
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  • Equity CEFs: Funds Benefiting From The Weakness In Technology And Small Cap Sectors [View article]
    A quick take: QQQX will be the surviving fund and will absorb JLA at a rate of share exchange based on NAV value (not market value) - if this occurred today then a holder of JLA would presumably receive .77 shares of the surviving fund (QQQX) for each share of JLA (14.02 NAV JLA/18.19 NAV QQQX). As QQQX is trading at a market premium today to its NAV 18.81 while JLA is trading at a market discount to NAV 12.95 the net result is a positive for the JLA holder today with now .77 shares of QQQX at a market value of 18.81 = 14.48 versus his today market value of a share of JLA of 14.02 (about 3.2%). The new fund QQQX however will likely not be as defensive, as JLA's mandate was 100% option coverage while QQQX will be "dynamic" 35-75% option coverage (target 55%).
    May 1 05:57 PM | Likes Like |Link to Comment
  • Equity CEFs: Funds Benefiting From The Weakness In Technology And Small Cap Sectors [View article]
    Nuveen's proposed changes appear to be substantial (http://bit.ly/R5aP3F) and I suspect will be sufficient to merit an article by our guru Mr. Albo.
    May 1 05:21 PM | Likes Like |Link to Comment
  • Kinder Morgan Energy Partners: Why Not Consider This Outstanding Wealth Building Machine? [View article]
    Has been and is an excellent holding. All holdings have risks, but a comfort level with that risk can be achieved when there is such a good track record. Part of the higher than industry standard yield can be attributed to the "hatchet job" applied to KMP by an aspiring young hedge fund employee and his friends at Barrons which targeted the weaker hands of the dependent retail investor thus driving the price down (and yield up) - the "reverse Robin Hood": take from the weak and give to the crafty strong. Who is next?
    Apr 18 10:55 AM | 2 Likes Like |Link to Comment
  • Kinder Morgan profits drop, but points to growing natural gas demand [View news story]
    SA still doen't get it - EPS is not the important metric for an MLP - look at distributable cash flow (which was good).;
    Apr 16 07:45 PM | 13 Likes Like |Link to Comment
  • Equity CEFs: 1st Quarter 2014 Review - A Change In Leadership [View article]
    income2012: Start at http://seekingalpha.co...
    Apr 2 04:05 PM | 1 Like Like |Link to Comment
  • Equity CEFs: 1st Quarter 2014 Review - A Change In Leadership [View article]
    Thanks for again sharing your expertise and method.
    Apr 1 02:20 PM | Likes Like |Link to Comment
  • Equity CEFs: Sell This, Buy That From These Fund Families [View article]
    Get educated and you will become a better investor - regarding ROC start with http://seekingalpha.co....
    Mar 18 04:27 PM | 2 Likes Like |Link to Comment
  • Weekly Intelligence For MLP Investors [View article]
    Chart shows a 11.59% distribution reduction - if the error was made by assuming current dividend of .2075 was quarterly the reduction would be reported as as more like 66%. Not sure where the 11.59% came from but the major point is the report of a distribution cut for VNR is in error and might mislead the less studious MLP investor to stay away from VNR which I believe to be an attractive investment.
    Mar 15 10:14 PM | 2 Likes Like |Link to Comment
  • Weekly Intelligence For MLP Investors [View article]
    I believe the chart referencing distribution decreases is incorrect with regards to VNR. There has been no distribution decrease but rather an increase as of 8/29/2013 (.205 to .2075 monthly).
    Mar 15 05:27 PM | 3 Likes Like |Link to Comment
  • Equity CEFs: Sell This, Buy That From These Fund Families [View article]
    I didn't see it coming (JPZ also with a similar ~8% distribution reduction).
    JLA NAV reported at CEF Connect to be up 2.37% for the past 3 months (9.48% extrapolated annually) which would seem to be adequate to cover the previous level of distribution. Hard to assess. Maybe Mr. Albo has some insight...
    Mar 12 11:21 PM | Likes Like |Link to Comment
  • The Utility And Infrastructure CEF Report: 6%+ Yields And Deep Value [View article]
    I believe that the author should study return of capital (ROC) more thoroughly. By doing so he might discover that all ROC is not bad and in fact, in many CEFs is a tax advantaged beneficial goal of the fund managers. I would suggest starting with the excellent work of Doug Albo http://seekingalpha.co...
    Mar 5 10:24 PM | 3 Likes Like |Link to Comment
  • Equity CEFs: Sell This, Buy That From These Fund Families [View article]
    Same ole, same ole comments - lack of understanding of the CEF space and return of capital (recommend again http://seekingalpha.co...)...
    Mar 4 11:21 AM | 3 Likes Like |Link to Comment
  • Analysts differ on whether MLPs are on shaky ground after Boardwalk blowup [View news story]
    The cabal of KMP shortists surfaces again...the stock they love to hate as they herd the lemmings. Let's see... small hedge fund manager suggests KMP blow up, Barron's magnifies the verbiage, retail investors targeted - seems to be the pirate formula du jour.
    Feb 12 03:22 PM | 5 Likes Like |Link to Comment
  • Equity CEFs: Utility CEFs Are Back [View article]
    Short answer - yes, you are going wrong. I would suggest you read Mr. Albo's earlier articles to educate yourself concerning CEFs - http://seekingalpha.co... would be a good start re:ROC.
    Feb 4 09:41 PM | 2 Likes Like |Link to Comment
  • Kinder Morgan Energy Partners Offers Solid Guidance [View article]
    Quite a few unfounded and uninformed statements concerning MLPs in general and KMP in particular. Let them be widely disseminated as I accumulate this well managed company...
    Jan 29 05:12 PM | 4 Likes Like |Link to Comment
COMMENTS STATS
188 Comments
432 Likes