May. 20 at 3:14 PM
$GUT $GAB
The GUT buying lemmings are a funny lot. They're willing to pay
$6.18 for a
$0.05 /mth divvi (9.71% yield) with minimal if any upside (TP now at
$6.00 based on current NAV) vs Gabelli's cornerstone CEF GAB (trading at
$5.58) paying: 1) the same divvi (just quarterly at
$0.15) and yielding 10.7%, 2) trading at a first ever discount to NAV (-2.7% vs a norm of 4.8% prem. 52-wk avg) with a much greater potential of equity growth (TP currently running at
$6.01 based on NAV). π€·ββοΈ It's beyond me. Still have my GTC's of
$5.95 on down for GUT. Coffers full up on GAB. π₯°π₯°πππ₯