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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Paul Senior who wrote (40130)11/18/2010 12:26:52 PM
From: Paul Senior  Read Replies (2) | Respond to of 78748
 
MLP CEFs: CEM on that list doesn't look too bad to me.

6.8% distribution yield. Fund manager clips 1%, maybe a bit more(?).

I like to buy Tortoise mlps when they're below nav. I'm not a fan of Kayne Anderson, and I haven't checked their mlps lately.
CEM is new, so no history. Managed by some group inside Legg Mason. (I have LM stock). Looks like CEM price might be below its nav (which other mlp funds are not now, afaik).

I'll take a position at current price. (No partnership K1, and I'm buying in an ira from cash parked in money market account there.)

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