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Reaves Utility Income Fund Comm Message Board

major_electric 2 posts  |  Last Activity: Aug 22, 2013 11:57 AM Member since: Jul 24, 2008
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  • Reply to

    Why Is This Stock Even Trading

    by obamastamps Aug 22, 2013 10:55 AM
    major_electric major_electric Aug 22, 2013 11:57 AM Flag

    Well, once again I'm kicking myself for not paying enough attention to get this thing shorted in time. I used to be a fairly regular K-Mart customer (and occasionally Sears), but I've gotten so disgusted with the nuisance spamming nonsensical over-complicated over-emphasized "Shop Your Way Rewards" program that I just stay away from both stores. At least for me, and I suspect for many others, they've created a very negative attitude towards the stores and usually a customer's negative attitude reverses slowly, if ever. I think they almost deserve to be bankrupt. Don't have enough interest to bother to look at the financial statements, but I do wonder a bit how they account for all those "points" they are supposedly giving away. If the points (which eventually translate to dollars) aren't being accounted for properly; sales, revenue, etc. could be a lot worse than it appears.

  • Reply to

    Discount from NAV now over 8%.

    by c_wallis_jr Aug 20, 2013 10:50 PM
    major_electric major_electric Aug 21, 2013 9:14 AM Flag

    Yeah, I don't understand it. And, the spread widened about another 1.18% yesterday (NAV up .97%, share price down .21%). XLU was up .94% too.

    From what I see, it would take a 20 year low investment grade bond to come anywhere near the current return on UTG. Sure, the price of UTG can fall more, but so can the price of that bond if interest rates continue to rise and while the components of UTG can raise dividends (probably slowly) to compensate for inflation if need be, that bond isn't going to increase its interest rate. UTG is a more liquid asset than that bond too, IMO.

    I think UTG is a bargain at these discount prices and would buy some if I wasn't already so over weighted in the thing already -- but it is getting tempting, maybe just a little more. Either I'm an idiot or my fellow investors are idiots -- guess that I'll find out which is which over the next few months.

UTG
28.92-0.12(-0.41%)Jul 11 4:00 PMEDT

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