Bought ARR at 7.12 and then again today at 6.95 so it don't look like I will be taking any additional risk with Gabelli. I would rather have found something with ROC distributions on par or equivalent to those distributed by GABUX but will have to make adjustments to my tax strategy. ARR just received a nice outlook from Credit Suisse that can not be ignored. Tally-ho, away I go.
Yes, many REITs continue to fall. If you've blown all your dry powder on what looked like a good price in days gone by, all we can do is wait it out and hope our representative government can find a compromising way to kick the can further down Taxation Blvd.
Just made 13 cents per share on kmm. I just might dump a couple thousand shares of gabux today. Oh man!!! XLU, VPU and DJU all down 1% or more today.. Might have to wait.. This trend has to turn soon??? #$%$ !!!!!!!
I added to my KMM today at $10.88... I have very little powder left now. I will be selling some GABUX when she goes back to $6.00 or so this Summer. Also will be keeping half my 7 cent dividend from GABUX for investing until she goes back up..
Good luck to you and all others holding. I've been in GABUX for quite a long time and not too encouraging to see the steady decline in the utility sector. As it kept declining in price, I switched from reinvest to taking cash. Even though I had to sell at a loss, I have the carry forward banked and feel a lot better having used the proceeds to buy more ARR. Especially with the current aimless policies going forward, REITs should outperform.