Because of your post concerning SGU, I was intrigued and did research on it and as I mentioned before was optimistic with the risk/reward scenerio with SGU--with the rights offering the price came down to its lows and I bought on that day with everything looking promising for a great long-term buy and hold. So your last post hit it perfectly--you mentioned SGU and described its situation and I did some research on it and couldn't believe the yield it offered at the low price--great buying opportunity. So today, we got some good news, the dividend is being raised which equates to an over 16% yield not to mention the price gain on top of it--all in just a months time.
Also own FAX--learned of FAX in Kiplingers and everything is going great with this Co--another great long-term hold.
Just have one stock idea--it's not a closed-end fund or doesn't pay a dividend--but with my philosophy of buy and hold for the long-term as long as the Co has great risk/reward, management, and other factors, it looks promising. The company is ESC (Emeritus), an assisted living Co. that is making a turnaround and could become a growth stock in the future. Just went public just over three yrs ago and is about to turn profitable, has great management--and the management puts their money where their mouth is, especially the CEO, (just take a look and the insiders buying on yahoo--it's phenominal). People are only getting older, and ESC is well positioned to reap the benefits. I own it, and consider it a safe, value play, especially with all the market turmoil, but with the potential to become a growth story. Just an idea worth taking a look at.