INCOME funds often trade at a premium to NAV, straight equity funds like this RARELY do. Current NAV is 8.29, this will be reduced by the .63 capital gains distribution in early January, you had to own as of last Weds, to be eligible for this tho. This stock is doomed, it WILL trade back down UNDER NAV, which will soon be 7.66! Get out, get out now!!
It really isn't a "dividend", a year-end distribution of $0.635 per share which is estimated to consist of $0.596 per share from net long-term capital gains, and $0.039 per share from short-term capital gains. Those are taxable.
It will begin trading "ex-dividend" on December 26, 2014. Friday. Then Katy Bar the Door. Everyone will want out Friday. No more "dividend". Also more insider selling tonight!! They know what this is worth, NAV = $8.27.
ISSUER: HERZFELD CARIBBEAN BASIN FUND INC
FILER: HERZFELD THOMAS J
DATE TRANSACTION SHARES PRICE VALUE
12/19/14-12/22/14 Sale 200,000 $12.30 $2,460,400
Largest in China are 1, QIHU, 2. Venustech 3. China Jinchen Security Technology Co.,Ltd 4.Beijing Jiangmin New Sci. & Tech. Co., Ltd. 5. Beijing Rising Information Technology Co., Ltd.
Bangcle not even in top 10
so you are saying the controller of company has no common sense, and doesn't know if there is ANY spike in sales ??
from local paper: This one was out of the blue and even a spokesman for the company was baffled saying, “Today, for whatever reason, it’s really being traded,” Gregg Mueller, controller for Allied, told the Post-Dispatch. “I really can’t explain it.”
The next question asks for Cramer's pharma plays given the ongoing Ebola issue, and he notes investors have driven up Tekmira Pharmaceuticals (TKMR_), a smaller company. He thinks people keep shorting it and expecting it to go down, but says the stock will obviously soar if the company has an Ebola cure. Cramer thinks the trade has been done and would take profits on the stock.
the last uplister was XXII , 3/11/14...same as LIQT peaked late on 3/10/14 at 6.35, gapped down on listing date, closed 5.17, and the next day 3/12/14 was as low as 4.50..be careful out dere