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ARMOUR Residential REIT, Inc. Message Board

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  • smoothjazz0204 smoothjazz0204 May 5, 2011 7:39 PM Flag

    Other Reits----Question

    <Smooth, Just looking for your opinion..Do you think this is a good entry point for GABUX (6.58+/-), or do you think there's a significantly better point down the road.
    Not looking for a lot of shares, just maybe 1500 -2000 is all, but for long term. Maybe add yearly. Seems so stable.>

    I have to admit, I don't like you provide entry points or stock price advice on these boards, primarily because markets can be volatile and stock prices can vary depending on factors not related to the specific security. I will say that the high $6.50s and $6.60s are the highest GABUX has traded in a year.

    GABUX long timers will tell you anything in the mid $6s and below is a great price for a stable fund with a 12+% yield. The stock traded in the $9s a few years ago, but has traded mostly in the $6s the past few years. This fund has paid 7cents per month since Nov 2000, prior to 9/11 & the financial crisis of 2008 - 2010. You can't get more stable than that. This is due to a portfolio comprised of some of the top names in the utility, energy & telecom space including NFG, CNX, SWX, VZ, CEG & EXC.

    Some people wait until XD and buy on that day to get in 7cents lower. Here is their web site showing the most recent XD dates and other particulars:

    http://www.gabelli.com/Template/fund_divtax.cfm?fund_code=470

    The next 3 XDates are: 5/25, 6/28 and 7/27.

    GL to you.

 
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