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Strategies & Market Trends : Retirement - Now what? -- Ignore unavailable to you. Want to Upgrade?

To: OldAIMGuy who wrote (199)	7/27/2007 12:53:33 PM
From: deeno	Read Replies (1) \| Respond to of 288

well i had to do some digging. CHI (I'll leave the other to you). Has a better cash flow then I thought about 7% currently. They have a negative reserve of about 6,700,000 which in effect means that over the 5 years in existance they have paid out 6 mill more then they earned. This during the time they have been in exsistance the dow up around 50% and comp up like 70%. 7% (at current prices) not bad, take away the management fees around 1%. net 6% Your orginal comment was that its down for no particular reason. I suppose its down because 1. people are getting nervous about junk bonds so NAV will change based on repricing, the fund is correlated to the stock market and closed end funds are notoriously thin trading. Good managment name for converts though, might consider it at about 7-10% discount to NAV. Thanks for bringing it up.