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Aberdeen Asia-Pacific Income Fu Message Board

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  • GOLF4parz GOLF4parz Apr 23, 1999 1:40 PM Flag

    Move upward in FAX

    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

    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.

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