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To: Stitch who wrote (14503)2/28/1998 1:44:00 AM
From: Bonnie Bear  Read Replies (2) | Respond to of 18056
 
stitch: some other ideas:
I parked some cash in closed-end funds OTCM and FUND, they have huge yield (10%) and invest in value microcaps so the yield more than absorbs any downside. RVT another one but I think they have a quarterly dividend. also check out RIF (real estate), DNP (utilities), ECF (convertible bonds)- all closed-end funds with high dividend yield, if you like closed-end funds (I happen to prefer them as they trade like stocks).
I parked some IRA cash in Bear Stearns stock, it has incredible low p/e and high book value, you might look at it as a safe haven. Hope this helps....BB



To: Stitch who wrote (14503)2/28/1998 3:52:00 PM
From: Bonnie Bear  Read Replies (1) | Respond to of 18056
 
thread: bottom-fishers might take a look at redwood trust RWTI. they made most of their profits from mortgage spreads. they have bought back lots of stock, offer a dividend and are well below book value. If interest rates rise in the future this will be a wonderful stock to own as a hedge. motley fool has a writeup on RWTI's troubles.
I'm quite happy to bottom-fish right now and let somebody else chase the nasdaq ballistic missile arsenal.