billb

Three CEFs Offering Assets on the Cheap

The commentor above makes the same point I wanted to make. Stocks can be "cheap" relative to book value as well, but there is typically a reason for it. I'm not a pure momentum guy or a pure value guy, but when things are cheap, you have to ask yourself why. I wouldn't just look for the cheapest CEF and have at it. Another thing that turns me off from CEFs are the spreads and liquidity issues they typically have.