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depraved_miscreant

depraved_miscreant
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  • Atlas Resource Partners: A 12% Yield With Limited Growth [View article]
    Yep, Cooperman has increased his positions in ARP, APL and ATLS.
    Aug 30, 2014. 09:40 AM | 1 Like Like |Link to Comment
  • This Dividend Dog ETF Has A Lot Of Promise [View article]
    David or anyone, how often is the SDOG portfolio updated/rebalanced ?
    Aug 29, 2014. 08:50 AM | Likes Like |Link to Comment
  • Questions For U.S. Stock ETF Bulls [View article]
    "Analysts at SG Securities estimate that corporations spent 20% last quarter on share buybacks."

    Gary, would you clarify ? 20% of what ? A 20% increase from a year ago ? The previous quarter ?

    However you measure it, seems to me that buybacks at market highs is not the best use of capital. I have been lightening up and increasing cash.
    Aug 23, 2014. 09:55 AM | Likes Like |Link to Comment
  • USA And ASG: Are They Really All-Stars? [View article]
    Re USA, you're in good company. USA represents the 2nd largest holding in Phil Goldstein's Special Opportunities Fund (NYSE:SPE). FWIW, what follows is Goldstein's comment re USA in the SPE 2013 Annual Report. If he's right about another self-tender offer, you might be looking at some upside.

    Liberty All-Star Equity Fund (NYSE:http://bit.ly/yvMlHo)
    "We purchased almost all of our shares of this diversified multi-manager equity
    fund at a double-digit discount to net asset value. After we commenced a proxy contest, USA conducted a self-tender offer that expired on September 23, 2013. As a result, we were able to sell 22% of our shares at a 4% discount to NAV. USA’s discount is currently about 12%. At this time, we are comfortable holding the balance of our shares because we think management may take additional actions to address the discount if it remains above 10%. We do not anticipate providing any more updates about USA."

    I have no position in USA or SPE, but the latter is on my watch list.
    Aug 19, 2014. 12:10 PM | Likes Like |Link to Comment
  • DNP Select Income - Steady Income With Possible Premium Expansion Kicker [View article]
    I agree with zgb952 re item #1, but not necessarily #2. Might ROC be due to the fact that some of the energy holdings are MLPs ? I confess that I haven't dug into the holdings to find out. In any event, NAV has been increasing so the ROC might not be that much of a negative.

    If I were a buyer now, I think I'd prefer the pure equity DPG (see Albo's article here):
    http://seekingalpha.co...

    I've been long UTF since the NAV golden cross in July 2012. YOC >8.5% and the strong uptrend is still intact, but I haven't added more since.
    Aug 18, 2014. 03:24 PM | 2 Likes Like |Link to Comment
  • Evaluating Preferred Stock Funds For Your Retirement Portfolio [View article]
    I still hold a few preferred from those I purchased back in 2009 when the margin of safety was gigantic. Not the case now. Took profits on some.

    Here's an opposing view on preferreds from Larry Swedroe :

    http://cbsn.ws/1muH8G9

    Good idea or bad ? You decide.
    Aug 12, 2014. 12:22 PM | Likes Like |Link to Comment
  • CEFs: An Opportunity In A Nuveen Floating Rate Fund [View article]
    In this week's 'Up And Down Wall Street' column in Barron's, Randall Forsythe echos Doug's retorts about how loan CEFs don't suffer the liquidity problems inherent in bank loan ETFs and mentions how yields are enhanced by the widening discounts to NAV.

    Buying last week might turn out to be very timely. Well done, Douglas.
    Aug 9, 2014. 11:41 AM | 2 Likes Like |Link to Comment
  • CEFs: An Opportunity In A Nuveen Floating Rate Fund [View article]
    I hold EVF, PHD and PPR and noticed that NAVs, while not ramping up like JQC, have been essentially flat and I was just about to add to some of them. While JQC's distribution is slightly lower than those 3 (but in the same ballpark), JQC's discount is substantially wider. The above 3 are more pure loan funds.

    Thanks for another great idea.
    Aug 4, 2014. 03:07 PM | Likes Like |Link to Comment
  • Keeping It In The Family At Ellsworth Fund, Ltd. [View article]
    The FDU school motto: What You Don't Know Can't Hurt You
    May 15, 2014. 12:48 PM | Likes Like |Link to Comment
  • APB: A Closed-End Fund For An Elevated Stock Market [View article]
    An alternative to APB is IAE in which I opened a position about a month ago. The discount on IAE is @8.55%. A big difference between the two is that IAE has almost 1/4 of its portfolio in Australian companies and has a distribution rate > 10% at current prices. I also ventured into KEF back in March.

    APB looks interesting. I'll have to see how much overlap there is in the portfolios of APB and IAE. Thanks for the idea.
    May 7, 2014. 08:30 AM | Likes Like |Link to Comment
  • 'Savvy Senior' IRA Off To Good Start In 2014: 4% Return In 1st Qtr [View article]
    I own GGN and BCF, but no FCX at the moment. In general, I actually prefer CEFs over ETFs and I was thinking of upping my position in BCF. I'm up @ half a buck and I like the look of the chart. Thanks for the ideas.
    May 2, 2014. 03:42 PM | Likes Like |Link to Comment
  • Nuveen To Consolidate Its Equity Option Income Funds: What Does It Mean? [View article]
    Doug Albo and Left Banker, right or wrong, I've been living under the impression that Nuveen's strength is in income, specifically municipals. Care to share your opinions on the quality of the firm's equity management teams ? Or is the proof simply in the performance ?
    May 2, 2014. 01:20 PM | Likes Like |Link to Comment
  • 'Savvy Senior' IRA Off To Good Start In 2014: 4% Return In 1st Qtr [View article]
    I have also been 'tweaking', but with a different approach -- slanted toward global and foreign (Korea, Latin America, Asia Pacific -- giving up a lot in dividends) and stuff in the ground -- hard assets and energy. Still holding UTF because it is 48% global (per fund website 3/31/14) and I like the portfolio, but I'm thinking of lightening up. Like you, I've had a good run.

    I bought FCX in late 2008 and held for just about 2 years (they should all work out that perfectly), but I'm watching it again. Jeremy Grantham believes copper will be the new gold because all the rich mines have been worked. Does anyone know of a better way to play copper without buying futures ?
    May 2, 2014. 01:03 PM | Likes Like |Link to Comment
  • Is There One REIT Every Investor Should Own? [View article]
    NRF put out an announcement that it was NOT in discussions with ARCP. Selling off on the news.

    http://bit.ly/1kaxFxK

    Oh well, we'll just have to be satisfied with the distributions for now.
    Apr 29, 2014. 09:49 AM | Likes Like |Link to Comment
  • Is There One REIT Every Investor Should Own? [View article]
    When I didn't see NRF listed among your longs, I figured you might have sold after the spinoff announcement. I'm glad you're still long. Looks like NRF might still have a few points left to rise and I have a relatively large position. Actually, my wife does -- it's in her IRA.

    Since I (we) hold it in an IRA and since the ARCP chart isn't exactly pretty, if the deal proves solid, I'll just sell if it gets close to $20. I don't see details of the deal anywhere, i.e., cash vs. stock. It's probably too early. Of course, there's also the possibility of a better offer, although I don't know from whom.....
    Apr 28, 2014. 02:21 PM | Likes Like |Link to Comment
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