Jun. 15 at 5:03 PM
$GOF It will be a long, slow grind back to
$12.00 per share, but with some tailwinds provided by lower inflation prints later this year, we could see
$12.00 by 12/31/2026. I think the worst is behind us regarding the share price, unless the impact on energy prices from the reopening of the Strait of Hormuz takes much longer to play out. We would definitely need to go from a posture of stable interest rates (no longer increasing, investors believing the Fed won't increase rates) to an environment of decreasing bond yields and the Fed resuming its easing cycle before GOF can trade at
$13.00+ again. So, maybe by this time next year we see
$13.00 once the Fed has implemented its next rate cut. Keep accumulating cheap shares at the 5% discount DRIP over the next six months while waiting for market conditions to support a share price higher than
$12.00.
