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Calamos Convertible and High In Message Board

  • friulliguy friulliguy Jul 18, 2010 8:13 PM Flag

    3 years ago, this was $17+, now its barely $12

    plus div i think was cut

    overall, principle dropped...thus a loser fund

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    • Maybe it's not a long term hold? I've owned for a little over a year. I bought from recommendations of a portfolio manager to obtain dividend. I've enjoyed 10% dividend from early last year and bought more earlier this month at 8.6%. It beats CD's plus I have 12% gain within 1 year. It doesn't appear to move more than 1% or so on big market swings also.
      If it goes to $17 again that would make for a fantastic gain, but I think it is more for dividends.
      Great to supplement my income while I'm searching for work.

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