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Pastimes : John Dessauer's Investors World
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To: Diogeron who wrote (1927)12/8/1998 9:06:00 PM
From: Wren  Read Replies (1) of 2346
 
In the December issue, JD says the NAV of the DGE is up 22.5% year-to-date as of Nov 27. The Wall Street Journal, as of same date, shows the 52 week market return is 12.1%, with a discount of 8.5%

Of course the NAV and market returns are different, as are the YTD and the 52 week time frames. Also, the discount may be quite different now compared with the beginning of the year.

However, like any traded stock, all that an investor can get for his DGE stock is market price. Only open-end mutual funds can be cashed out at book value. The NAV return is interesting, but only the market return is worth dollars.
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