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Re: fung_derf post# 926

Thursday, 11/15/2012 10:57:04 AM

Thursday, November 15, 2012 10:57:04 AM

Post# of 1208
No savvy investor would buy AOD. Have you seen what's its doing? That stock has one target buyer: Senile geezers desperate for dividends. Look under the hood, past the superficial high payout, and it's all gimmicks. At least AOD trades at a nice discount. Even harder to explain the PREMIUM that sister fund AGD and the like go for. A 25% discount might be a fair value for most such funds.

The entire ultra high yield sector is in collapse.

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