fax spiked down to 5 13/32 about ten minutes to
on one or more large volume trades.
rebounded to 5 13/16 at close. 5 13/32 is a new low. any
ideas or suggestions on
who or what done it!?
THe Board of Director's will be voting on the
rate of dividend to be paid out for another quarter. I
give it small odd's any change will be
The AUD has remained in the area Management expected
last Fall of the $.63 area. I believe Management was
also counting on one more Aussie rate cut this spring.
So it looks like they have it right so far.
Their Asia debt call is working out better than anyone
expected so they will also help to secure the
With the still historically high discount I would
think the BOD would be happy to leave things
I also was down on my initial purchase @$9.10/sh
prior to the rights offering. what I am referring to is
that thru the knowledge gained from the folks on this
board, I purchased enough shares thru the offering to
make up the difference, based on selling them back
@$6/sh, the dividends are the gain at this time, I
believe I will wait until after the March meeting, to
Good question tho...
Flipper58,Sapper558 and all the helpful
contributors to this board:I bought FAX in Dec 96, on the
recommendation of Richard Band and doubled my holdings with the
rights offering-I thank you all(especially you
Flipper58) for sharing your knowledge on FAX, it helped me
to understand and to prosper. I would like to return
My son, who works in the educational
video field, lead me to a stock which at first wasn't
my cup of tea, as it might not be yours. The company
is called Sigma Designs(nasdaq SIGM).Not an internet
stock, altho associated with it in many ways, quite a
compelling story: has leading edge technology in dvd
decoding, is in association with Oracle,Microsoft,Sony
,Panasonic, brilliant engineers and very saavy management.
The company has reach critical mass with the
exploding DVD market and the "Next Generation Internet" I'm
rambling sorry! Stock is really ready to explode, do your
own DD. Check out the Yahoo board on it, great group
of intelligent people just like this board. If
interested,don't dally! Once again thanks for your time and
input.I will answer question if you have any!
Looks like it might be a good fund for me. I
really do not like to look back too much. I have a
similar type open end fund: Sound Shore but this might be
good for one of our IRAs. I recently added to my CH
and thinking about India.
Sharon, I did not get to answer all your
questions in my previous post.
No, I have never
participated in any of the open-ending exercises. CET and BEM
are immune to open-ending since the families and
their friends probably control over half of the stock.
Other old funds auch as TY & ADX are also almost
impossible to open end since they are held mostly by the
fund's transfer agent, instead of in street names held
by brokerage houses. These owners like the discount
to NAV as for years they have bought and re invested
dividends - buying dividends and future earnings at a
discount! I know of families who have had over three
generations of family members investing in TY &
CET has not lost much if any NAV over the past 1 1/2
years. The price decline was the stock going from a
premium of 5-8% to -19% discount. Among funds, closed end
or open end, with histories of at least 15 years non
has surpassed the performance of CET. It has a
remarkable 18% annulized total return since in 1929, despite
the great depresion and many bear markets.
is the top performer since inception, followed by
BEM which is only about 40 years old. Among CEFs,
other ranking among the top 5 since inception are GAM,
TY & ADX. BEM has the top rank for the past 15
years. Morningstar used to follow BEM but dropped it
last year because of its high price $189/sh and the
low trading volume. Never buy BEM with a market
order! A few months back some one put in a market order
for 500 or 600 shares and jumped the price up
I still havn't decided on the best
REITS. Looking at MAA, SIZ & MT but no final decision as
I have more reading to do. I posted origional
mesage on several boards to get reactions ICEFI, FAX,
MAA SIZ & MT, (RWitt) on icefi
CET is a mid cap value fund. One of its top
holdings is INTEL. For 20 some years running it had beaten
the S&P 500 index. It has a bad 1 1/2 years because
of being a value fund. It is considered a "Buffet
Clone" along with BEM. Both have managers who are given
wide authority and scope for investments. They are
members of the families who own directly or indirectly
about 40% of the funds share. Wilmont Kidd has managed
CET for many years.
I think mid-caps will
return to favor before small caps. Morningstar follows