I believe that the NAV of GABUX is going to climb from $5.53 to $8.30 in three years. Should that happen then the compound annual growth rate (CAGR) over that period is 14.47%
In addition, I believe GABUX will continue to pay an annual dividend of at least 95 cents
I've owned GABUX for six or so years now and my cost basis is around $3.00 don't watch it just collect the money. Chatter is just that chatter.
Neustirj: If Gabelli decides to decrease the distribution, you could always sell a few shares at a time.
That way, you could match your cash flow as it was.
Even if there was NO distribution from GABUX, you could always sell a few shares periodically, to give you the equivalent of 7 cents/month. Any distribution made actually decreases the NAV.
Tis not so much that GABUX is "able" to distribute the current 7 cents/mo, more so that they've DECIDED to distribute 7 cents/month.
Please feel free to contact Gabelli, and/or read the fund's Prospectus for further information.
I don't know how they pull off the duplicate user names, but you can click on the user's name and it tells you when the user joined. The real Fred joined in 2008; all other imposters/stalkers joined after 2008 including one frequent imposter who joined in 2012.
Fred, sometime back you explained how you looked over the gabux financials to determine whether they were going to be able to continue paying their dividend. I copied it a while back but have lost it. I found it helpful and easy to follow because you explained it step by step. I believe you compared a number of things in their annual report to get to actual cash on hand to determine whether the divi would be sustainable. If you could please repost it or explain it I would greatly appreciate it.
I know what you mean divseeker. But I'm thinking No Change In Sight!
How did you make out with GALE? Strong & long for me!
The real Fred is the one whose father worked as a truck driver most of his life. Fred's father worked hard. Fred admired him.
Don't post very much, but sometimes do sort through the message board. Since we have a lot of impersonators, I was just wondering. How do you tell who is the real Fred anymore. It appears to me that several posters use the fredkane3947 user id, but you can tell some of them appear to be a 10 year old kid. What is the real Fred's user id? I'm sure I will hear from the kid, but was just wondering how they use the same ID.
Well, we're coming toward the end of 2013.
My largest holdings & their total returns so far this year: RSO +22.3% , BDCL 44.9%, NCT +33.9%, NRZ +31.2%, GABUX +55.3%, PETDX +66.5%, MXXVX +22.9%, VHT +20.4%, PBS +33.5%, and PRHSX +66.5%.
So, my investment portfolio has grown from $5.2Mil to $7.02Mil so far this year. Not too bad, huh?
I am really not concerned about QE ending. My wife (even richer than me) & I will be taking a trip to So Calif soon, to decide where we want to purchase our Winter home down there. I just hope she doesn't try to slap me in a nursing home.
Good luck & God Bless to all my friends.
Now that I have thought more about your reply, I will tell you why the Bollinger Bands could be an accurate indicator for GABUX or any mutual fund. I tried short term trading for awhile a few years back, and I remember many mutual fund charts had almost the exact same trending pattern as their top holding. For instance, if GABUX has a more or less identical chart as NFG, it's top holding, then those bands could be accurate...in other words, as NFG goes...GABUX goes.....
GABUX will be well up today. It could hit below $5 in the future. It could hit $8. I am happy to get my dividend each month and not worry about the NAV.
The Bollinger Bands are designed for a single stock, not a mutual fund with multiple holdings having different weightings.
Well of course the price is down. How do you think they maintain the .07 cent distribution? No matter how ugly the dog, the price will continue to go down.