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  • wrc0424 wrc0424 • Apr 23, 2011 10:35 AM Flag

    SIT Investments No Longer a Problem

    For over six months SIT Investments has been selling off their shares of CSP. Last August they owned about 26% of the stock but now they are down to .5% according to CNBC.com. Now that they have less than a million shares, maybe the Market Price $7.64 will climb closer to the Net Asset Value of $8.77 and reduce the discount of 12.88%.

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    • kirby0824 kirby0824 • Apr 23, 2011 3:59 PM Flag

      I hope that is the case I have been long on CSP since March 2010. I think this recent run up to 7.64 is because of the up coming ex dividend date. But I'm tired of seeing this sit at 7.50 but I have been gathering shares at that price since I think that is the bottom. Good luck to you and your investing futures.

 
CSP
7.300.01(+0.14%)May 23 4:00 PMEDT