Value Investing Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Spekulatius who wrote (27140)	6/24/2007 7:21:23 PM
From: a128	Read Replies (1) of 78742

Another director buys CBF.... 06/22 18:18:23 CBF Insider Michael J Melody BUY 9,700 at $12.70 on 06/21/2007 [Tot:85,287] A director at closed end Utility fund UTF was also a buyer recently. 19-Jun-07 SMITH WILLARD H JR Director 5,000 Direct Purchase at $26.78 - $26.8 per share. $134,000 18-Jun-07 SMITH WILLARD H JR Director 10,000 Direct Purchase at $26.73 - $27.19 per share. $270,000 UTF recently raised their monthly distribution and continues to trade at a large discount to NAV (12.25%) I bought UTF following Smiths previous buys at lower prices and the stock has performed well. As for FSP, if it wasnt such a large % of my IRA, I would probably be buying more. Im disappointed and frustrated with the shares performance and convinced that their business model needs tweaking. Specifically, I believe by buying their former private placement deals, it results in continuous open market selling as those private placement buyers cash out to invest in the next syndicated deal. (A large percentage of private placement buyers invest again & again in new deals) I will probably add more CBF if it weakens a little more and/or if the insider buying continues.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next