I'm not complaining, but CODI is so overbought on the day before earnings, I'm wondering if it's "priced to perfection?" IMO, CODI will beat by a few cents top and bottom lines, but if it misses tomorrow ... Of course, it could be a lack of sellers and an unwillingness of the MMs to get in front of the price momentum.
I'm guessing with the recent s/p run-up, absent inside information that might be disclosed tomorrow, we will see a modest pullback in CODI. I agree a distribution increase is not in the cards until CAD again exceeds the distribution. (Paying distributions from cap gains is okay for a few quarters, but I don't see mgmt doing that indefinitely. If they do, then I'm probably going to trim some holdings. But my guess is, we will cover the distribution this quarter and mostly do so going forward, absent another meltdown.) I don't see a sale in this economy. An acquisition ... well, as you know, I've been "predicting" an acquisition since the secondary last spring. So much for my ability to predict anything!