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

Zweig Fund, Inc. (The) Common S Message Board

  • sallybabes sallybabes Apr 7, 2010 2:19 PM Flag

    What's the problem with -

    ZF today ? (April 6) Down .05

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • macgardner Apr 8, 2010 1:27 PM Flag

      I've owned this fund off and on for a long time, reinvested dividends into share purchases., sold at a loss years ago (share price) but actually made money on the accumulation. I bought back in at $3.20 about 4 months ago, and just picked up my second dividend, so the fund is up about 8%, plus another 5% for 2 dividends. If you read the quarerly report a couple of weeks ago, you will see that the fund owns some really solid, great companies and is selling at around a 15 to 20 percent discount versus book value. I'm planning on buying another 2,000 shares by tomorrow and will probably hold off at that point and just sit on the shares for a long time. I'm only putting about 5% of my portfolio in ZF, but I think it will do very well unless the market crashes, and I really don't see that happening. I made about 35 percent in the last year on my portfolio, and would like to break 20% in the coming year, but it's getting harder to pick companies that are goin to do that well wihtout taking more risk than I'm willing to do.

    • Exdiv was 6 April. It should go down for a while.Expect a little rise after pay day on 26 April followed by a decline.

13.56+0.02(+0.15%)11:50 AMEST