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Gabelli Utilities AAA Message Board

  • xerocytesteve xerocytesteve Sep 2, 2013 1:43 PM Flag

    Obozo the Great will save the world......................... NOT .....................................GABUX....maybe...............

    Here we have an orrator who is clueless to the last iota of common sense influenced by socialist and communist teachings of his Father and influenced by corruption within the United States Senate and Congress.
    On the flip side, alternatively thinking so to speak.....why would the United States deplete their own oil and natural gas reserves first before raping and pillaging every other country on the planet.
    It's all about oil my friends.....BIG OIL and the lobbyists and Government agencies that steal our tax dollars to support the American way of life.
    Too bad the arrogant wastefull and incompetant lifestyle of Americans take precedence of the well being of the rest of the planet.
    Good luck with yet another military conflict in the Middle East sanctioned by deliberately false information fed to the masses of the I - Phone American Idol mentality.
    So, Gabux..........it's business as usual........lower NAV.......ROC.........sustained dividend...............Safe.
    Why is it safe?
    Think Global.

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    • All I can say is $5.20's on the way.
      There is no safe investment... With GABUX it's just you hope you die before the NAV goes to "0" or they cut the distribution. People who bought here at $12.00 know if they sell they will lose over half of their capital investment so they just sit tight and slowly get their money back or if they don't need their entire distribution they will invest some of it into other funds or drip back to GABUX.... But, all bets are off when you are driven to war by a psychopath dictator.

      • 1 Reply to divseeker
      • Divseeker....sorry, bad choice of words (safe) I guess.
        True, if people bought @ 12 for income instead of dripping back, they will have lost over 50 percent of their capital investment .....on paper. ......
        However, since the majority of the dividend is ROC and tax advantaged; over the 13 year period since the 12's 9.32 has been returned as capital. So, the Nav would actually have to go down to the 2.70's to realize a true loss of the original capital investment.
        Of course, once you throw in inflation etc. and take into account my sometimes incorrect math, I suppose that figure could be changed upward some.
        I don't own Gabux but am thinking of adding to the Roth as well as CLM which some dingbat thumbed down.....any thoughts on CLM?
        Thanks, for the reply.

 
GABUX
9.44+0.06(+0.64%)May 2 6:45 PMEDT