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Aberdeen Asia-Pacific Income Fu Message Board

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  • axzl axzl Apr 23, 1999 10:04 AM Flag

    Move upward in FAX

    I oversubscribed as well to KHI and feel about
    the same about the same way you do. I sold two thirds
    of my position at 10 3/16 and oversubscribed by
    enough to re-establish my original
    position.

    Anyway, I think we may have gotten lucky with FAX. I took
    my position at 5 9/16 late last year and am
    optimistic that the NAV of FAX will continue to rise for a
    long time which will drag the market value with it. I
    wouldn't be surprised to see a special dividend or two
    from strong capital gains in addition to the regular
    dividend or maybe an increase in the regular dividend as
    the market value increases to keep the yield up.


    Thanks for the comments.

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    • I certainly have mentioned this before but I like
      to talk about it because the investors I can
      convince the more eyes and ears I have to help monitor my
      investments too...if that makes sense.

      Traders I know
      talk about looking for catalysts to drive there new
      purchase higher,i.e. up coming earnings, new business
      etc.. Sucessful traders I know buy high and sell
      higher, trading with the momentum.

      I feel with
      income vechicles like FAX, KHI, SGU, HYP, PZN). I am
      looking for a "technical" catalyst(rights offering,
      secondary, unpopular merger, confusing change in corporate
      structure) to buy shares, verses fundamental issues
      (industry show down, earnings, etc.). Points of
      "inflection"..any ideas I would appreciate.

      Thanks

      • 1 Reply to flipper_58
      • Because of your post concerning SGU, I was
        intrigued and did research on it and as I mentioned before
        was optimistic with the risk/reward scenerio with
        SGU--with the rights offering the price came down to its
        lows and I bought on that day with everything looking
        promising for a great long-term buy and hold. So your last
        post hit it perfectly--you mentioned SGU and described
        its situation and I did some research on it and
        couldn't believe the yield it offered at the low
        price--great buying opportunity. So today, we got some good
        news, the dividend is being raised which equates to an
        over 16% yield not to mention the price gain on top of
        it--all in just a months time.

        Also own
        FAX--learned of FAX in Kiplingers and everything is going
        great with this Co--another great long-term
        hold.

        Just have one stock idea--it's not a closed-end fund
        or doesn't pay a dividend--but with my philosophy of
        buy and hold for the long-term as long as the Co has
        great risk/reward, management, and other factors, it
        looks promising. The company is ESC (Emeritus), an
        assisted living Co. that is making a turnaround and could
        become a growth stock in the future. Just went public
        just over three yrs ago and is about to turn
        profitable, has great management--and the management puts
        their money where their mouth is, especially the CEO,
        (just take a look and the insiders buying on
        yahoo--it's phenominal). People are only getting older, and
        ESC is well positioned to reap the benefits. I own
        it, and consider it a safe, value play, especially
        with all the market turmoil, but with the potential to
        become a growth story.
        Just an idea worth taking a
        look at.

 
FAX
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