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Royce Value Trust, Inc. Common Message Board

  • rcunj rcunj Jan 23, 2008 2:19 PM Flag

    What a slaughter

    This is sad, I knew it was going to be bad, but not this bad. Now starting to look like we may see the $12. range.

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    • Plug in RVT and compare the 6 month chart against the Dow, S&P and Nasdaq...it's underperformed by quite a large margin. Investors are losing confidence in the fund and to a degree Chuck Royce as it doesn't appear that he has material active involvement anymore.

      I've held this one since inception (over 20 years) and it's never been so out of favor....this is a liquidating fund and the heavy dividend that you're getting is a return of capital not return on capital.

      If you're looking for yield you're better off accepting less and investing in the preferred if preservation of capital is a goal.

      We may get a bounce but this one might not ever recover to the levels we saw last year.

      • 1 Reply to texasbroker2000
      • your comparing it to the wrong index. you should be comparing it to the russel 2000. small cap stocks are doing poorly because unlike large cap stocks they dont get the advantage of oversea earnings which are increasing because of the decreasing dollar and the increasing gdp of emerging markets.

        russel 2000 became a bear market long ago. also this fund trades at a discount to the NAV so if you remove the discount then it probably is close to being inline with the russel 2000 index.

    • Never underestimate the cowardice of a day trader. You could be right, this has been an exceptional month for the jelly spined investor. Apparently that whole 'short term investment , weak dollar good' song wasn't as catchy as they claimed.

 
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