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tinman

tinman
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  • 18% Yielding CEFL Trading At A Discount To Effective Intrinsic Value [View article]
    2 points to keep in mind:

    In the short run, the market is a voting machine; in the long run, the market is a weighing machine.

    The market's ability to remain irrational often exceeds one's ability to remain solvent.
    Apr 8 07:32 PM | 2 Likes Like |Link to Comment
  • High-Yield Global Income Funds Offer Stability During Times Of Market Uncertainty [View article]
    FYI, CEFA says the income-only portion of EHI's distribution is over 8% as of 4/4/14.
    Apr 7 03:32 PM | 1 Like Like |Link to Comment
  • A Review Of The 2013 Dividend Champions, Contenders And Challengers [View article]
    According to the result I get applying Excel's CORREL function, yield HAS a fairly strong (-.31) inverse correlation with return for the data in question. Comparing to the far stronger direct correlations with Chowder # (.74) and 1-yr DGR (.64) , I think this indicates dividend growth rate is the sine qua non of criteria. It will be fascinating to compare other years (and other data sets generally).
    Feb 7 09:47 AM | Likes Like |Link to Comment
  • NexPoint Credit Strategies Fund - Exploiting Distress, Yet Trading At A Discount [View article]
    I can't get past the 2.93% expense ratio... Maybe if the discount widened... A lot.
    Jan 28 08:24 AM | Likes Like |Link to Comment
  • The Barnes & Noble Nook Is Cooked: It's Time To Short [View article]
    Can you say 'dinostore'?
    Dec 4 08:36 AM | Likes Like |Link to Comment
  • Floating Preferred Stocks: More Than Meets The Eye [View article]
    Great article AND comments. I would just add that there's an implicit diversification argument for the floating pfds in all this that, like my owning a little GLD despite my doubts about its prospects, makes taking a position prudent. Black swans are far more common than people (and especially the market) realize.
    Nov 8 09:38 AM | 1 Like Like |Link to Comment
  • Equity CEFs: THE Most Undervalued Equity CEF [View article]
    ETV: Avg. UNII Per Share: -$.60 (As of 6/30/2013)
    Inception (2005) NAV: $19, currently $14.50.

    Not worth another look unless the 8% discount widens considerably
    Nov 3 11:34 AM | Likes Like |Link to Comment
  • Enhance Retirement Income With CEFs Selling At Bargain Prices [View article]
    I assume your total return plots are market priced, I wonder what a NAV plot would look like (factoring out fluctuations in discount).

    In my experience, CEFs that have at least preserved NAV historically and are trading at significantly higher than normal discounts are the only ones with a risk/reward justifying a second look.
    Nov 3 11:25 AM | Likes Like |Link to Comment
  • Stock/Bond Momentum - October 2013 [View article]
    "Notice that the momentum strategy misses most of these down months as the strategy only owned stocks in eight of the ten worst months."
    ...I assume you mean two, not eight
    Oct 8 10:14 AM | Likes Like |Link to Comment
  • Equity CEFs: ING Funds Get Axed Again [View article]
    YYY says it all -- why pay a fund fee to hold funds you can trade efficiently yourself?
    Sep 22 10:13 AM | Likes Like |Link to Comment
  • Top 5 Options Tools [Free] [View instapost]
    List needs updating (as of sep'13)
    Sep 18 12:36 PM | 1 Like Like |Link to Comment
  • Credit Is Money [View article]
    10 minutes of my life I'd like to have back
    Sep 13 10:39 AM | 4 Likes Like |Link to Comment
  • This Undervalued $2 CEF Has Significant Rebound Potential And Yields 9.4% [View article]
    Compare HYF to Wells Fargo Advantage Income Opportunities Fund (EAD): 8% discnt, 9% income-only yield, 1% expense, 25% leverage, and a NAV that has tracked its class.
    Sep 12 10:11 AM | 1 Like Like |Link to Comment
  • This Undervalued $2 CEF Has Significant Rebound Potential And Yields 9.4% [View article]
    The income only yield at >8%, leverage around 25% and 1.4% expenses (per CEFA.com) are important. The price per share is not.
    Sep 12 09:39 AM | 1 Like Like |Link to Comment
  • Arlington Asset Investment Management Impressively Emerged Unscathed From Q2 2013 [View article]
    Earnings estimates trend is bad but still around $4.
    Sep 9 02:19 PM | Likes Like |Link to Comment
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