Comments on: Cornerstone Aims Higher

By: Mike

Mike — Mon, 25 Dec 2006 22:38:06 +0000

Yeah, that was a great find. There must be some financial benefit or fiduciary duty for the author to remain anonymous. You can bet that if I did such a in-depth analysis, that I would be taking credit for it.

I was more lucky than skillful with EQS. I’ve only owned it for about a year or so, but my cost basis after all distributions is just above $5.00/share.

Merry Christmas everyone!

By: Grant

Grant — Fri, 15 Dec 2006 02:06:26 +0000

Great find, CB! I can see how this one is starting to play out.

-Grant

By: CB

CB — Thu, 14 Dec 2006 07:31:02 +0000

Food for thought on this stock here:
http://biz.yahoo.com/seekingalpha/061211/22139_id.html?.v=2

By: Egon

Egon — Mon, 04 Dec 2006 03:58:17 +0000

I agree with Mike, CLM is a bit over the top based on the net asset value. I’m not sure I like his EQS but I’m glad he’s doin well with it.

As far as the CLM DRIP, you really can’t beat it! Better keep an eye on that dividend though. If they ever lower it, it’ll be mass exodus to the sales line!

By: Grant

Grant — Sun, 03 Dec 2006 21:38:48 +0000

I agree, Guzzo, CLM is f a bit pricey, trading at ~50% premium to NAV.

BUT! They keep paying out the dividend. I can’t figure it out.

I’m not sure I’d buy a whole heap of shares, but it’s comforting to know that my dividends are being reinvested at the NAV.

If anything else, you can let the dividends reinvest themselves at the NAV, and then turn around and sell the reinvested shares for a 50% profit right off the top.

Just a thought, but tread carefully!

-Grant

By: Mike Guzzo

Mike Guzzo — Sun, 03 Dec 2006 21:03:02 +0000

Dang.. wish I new about this CEF before everyone else. Although it seems like a good investment, it’s trading just a little too high for me. But, it’s definitely going on my watch list.

I own EQS, and it has been a good investment for me too.

By: Hustlermoneyblog.com

Hustlermoneyblog.com — Sat, 02 Dec 2006 04:16:29 +0000

i second Grant…awesome site btw.

By: Grant

Grant — Thu, 30 Nov 2006 00:44:08 +0000

It’s worth looking at, Schasto. Just don’t put all your eggs into the CLM basket!

-Grant

By: Schasto

Schasto — Thu, 30 Nov 2006 00:30:58 +0000

This is making it much more difficult to stay on the sidelines with this one!

ROC or not, as long as they keep paying out, I might take a bite.