Recent

% | $
Quotes you view appear here for quick access.

Cornerstone Progressive Return Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • jforuus jforuus Jul 31, 2012 9:54 AM Flag

    I am done

    http://seekingalpha.com/article/738481-cef-weekly-review-cornerstone-funds-stung-by-articles-in-wsj-barron-s?source=yahoo

    " Both articles point out what our readers already know that the share values of this group of CEFs are based upon a faulty premise: that a high nominal yield funded with a return-of-capital distribution, as opposed to investment earnings, is not an investment. It is more of a "piggy bank" from which your pay yourself the money you've contributed. These stocks should sell at substantial discounts as opposed to premiums

    Candidly, what we find troubling is that the president of Cornerstone advisors did not return request for comments. If Cornerstone has a legitimate strategy for its funds then it should articulate it. Check out any of the Cornerstone advised CEF websites-oh, that's right, they don't have any!"


    Tugs you made a good call with ARR and I hope for the sake of all the other investors of CFP you are correct again.

    I can tell you this, after that article and comments about the President of Cornerstone the sponsors of there tickers have a magnifying glass on them and they should be trading up for several weeks just to get the heat of there back and try to prove the article in correct via manipulation. An investor at that time should use it as a time to EXIT if such a scenario pans out.

    You should know how the crooks of Wall St. work and play accordingly.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
CFP
16.830.00(0.00%)Jun 26 4:02 PMEDT