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Reaves Utility Income Fund Comm Message Board

  • c_wallis_jr c_wallis_jr Jul 3, 2013 12:43 AM Flag

    UTG is now selling at a 4.2% discount from NAV. The 5-year average

    discount is 1.5%. Today the NAV of the fund went up and the stock dropped 1%. These markets are crazier than ever.

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    • Don't sell - that's one of the best buy signals you'll see!!!

      The NAV went up - that means the underlying assets are worth more - that's what you want to see

      The cost to buy that NAV went down - shows dumbness of the crowd - evidently they don't like to see an increase in the real value of their stock (NAV)

      My opinion = this is a strong buy signal...if you haven't jumped in yet...jump
      if you have, hold what you got cause it's real worth is increasing and the price will return when the dummies get their minds focused on real worth again....then sell.

      Sentiment: Strong Buy

28.82+0.71(+2.53%)Aug 28 4:02 PMEDT