George Spritzer
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Latest Comments25 Comments
5 Reasons Nokia Is a Good Value
You're right. A settlement was reached in late July, but specific financial details were not disclosed. So there is still uncertainty caused in the stock price until we can see the impact of the settlement terms.
Interdependence and This Crisis
Some benefits:
1) Reduces compensation of the Wall street bigwigs without affecting lower level employees.
2) It would sharply lower municipal bond interest rates. State and local governments are in dire straits and need all the help they can.
3) It would help real estate prices, since for people in the highest tax bracket the after-tax mortgage rate would be substantially reduced.
4) Help even out the L-curve and stabilize the system. The top 0.1% has been rapidly taking over an enormous share of national income and wealth to the point where the system has become unstable.
RMK Advantage Closed End Fund is Worth a Look
1) Much of their portfolio is inactively traded. So they use the bid price for valuation purposes. If you were a vulture investor and tried to buy the bonds in their portfolio directly, you would have to pay the asked price.
2) Look at the NAV values (XRMAX) the first three days after they took over the fund on July 29-
July 29- 2.36
July 30- 2.31
July 31- 2.14
Aug 1 - 2.06
3) They have also been selling off illiquid stuff and buying more liquid stuff whiich has also caused a further haircut in NAV.
WaMu on the Brink
With BSC, FRE and FNM the senior debt holders benefited.
George
Time To Bail Out WaMu?
It yields around 70%.
George
quantinvestor.blogspot...
Six Reasons to Like the Morgan Stanley Emerging Market Domestic Debt Fund
$300/Barrel Oil Is Coming - Barron's Interview
Five Reasons to Buy Nuveen Floating Rate Income Fund
najdorf: Are you related to the Argentine chess grandmaster?
16 Stocks That Are Paying My College Tuition
Keep up the good work! Your stock recommendations are brief and to the point.
I also posted on XIN on my blog on May 19-
quantinvestor.blogspot...
George Spritzer
Fundamental Analysis for Emerging Markets
But in order to do this efficiently, you need a large position (at least 100K) and use a broker who can sell shares on the Mexican stock exchange.
Trading Closed-End Funds - An Update
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.
American CareSource Is a Buy With Blowout Revenues
biz.yahoo.com/iw/08081...
Four Reasons to Like Nuveen Multi-Strategy Income and Growth Fund
I always look at NAV historical return, not market return, when evaluating a closed end fund. In fact I prefer a lower historical market return since that means the discount is higher.
Four Reasons to Like Nuveen Multi-Strategy Income and Growth Fund
Most closed end funds revert to the mean over time. They are not like individual stocks. Investing involves looking forward, not looking backward at the ROR. When this fund first came out it sold at a premium and now it sells at a discount. It has also been knocked down by the credit crisis.
This fund is for fairly aggressive investors, and I would recommend scaling in over time in case the credit crisis lasts into 2009.
WisdomTree Reports 'Improved' Losses