What are the chances that the European company Warren was referring to buying was Ferrero? Price would be about $20 billion. One could make a ketchup and Nutella sandwich or much better spread Nutella on DQ.
In part it is because the Div is shrinking. It also borrows funds to loan out. Is it because. Is it because their costs are rising faster than their income?
My shares are in a Roth Account and yes I know there are no capital gains in a ROTH IRA but how do I allocate the original purchase price to the new IR and ALLE for tracking purposes?
See ALLE-WI which was at $43.23 as of Wednesday's close. The information you are missing is you get one share of ALLE for every 3 shares of IR. Also the WI has already been bid up by those buying for index funds so I don't expect a pop. I could be wrong.
All I can say is it is trading slightly above its call price plus div. I assume that if it is not called on 6/15 it is good till at least 6/15/14. Does anybody know?
You will get $25. plus div of .5390625 per share which is about 11 cents above current value. It has been nice but all good things must come to an end.
Don' forget with a preferred, unlike a bond, there is not a separate interest amount and the div is included in the price. So $25 on the ex-div date equal to $25.54 non taxable account..
Thanks for the information. As you know this fund is no longer like CHI.
(In fact, I think the convertibles were deemphasized in a previous restructure) One more question I bought this fund on August 16, 2004. for $13.69 a share plus a $25 commission. I did not reinvest the divs. Is there anywhere I can look up the ROC since then so I can determine what the basis is if I decide to sell them? Unfortunately, my broker was not keeping track of the basis at that time.
I will keep this fund if they can earn the current div and not do any further "managed dividends." As to my earlier question what do you think of the borrowings used to increase the loans?
I don't fully understand what the fund is now investing in. Does someone want to take a try at explaining it? I understand it that they are loans of some kind and that they are using some margin.
two questions. Can they maintain the Div and what are the chances of closing the gap between the market price and the NAV. I have owned this fund for years but would not buy it today because I don't know how to evaluate the risks involved.
I bought a small amount of TEVA in April of last year(200 sh) when it fell to a new 52 week low after the joint venture announcement. Today I am back in the green. Hopefully, we will a good run. The more I read about the stock the more I like it long term.