Several old Phan fans recently admitted what I had always suspected: That was the first stock they ever bought.
Good for you if you bought MVO in 2009. Many gave up on stocks then. One wealthy couple told me they sold ALL their stocks then. The public is only now returning.
No question there's been a bubble in high yield products such as MVO. That bubble can also be seen even more clearly in Closed End Funds where even terrible ones sell at premiums to asset value. I've followed CEFs for 30 plus years and am moderating some boards on them.
I'm not a believer in many market aphorisms. But "The Herd is Always Wrong" seems to have enduring value.
Recent MVO News
- MV Oil Trust Files 2023 Annual Report on Form 10-K • Business Wire • 03/21/2024 08:05:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/05/2024 09:15:04 PM
- MV Oil Trust Announces Trust Fourth Quarter Distribution • Business Wire • 01/05/2024 09:15:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/09/2023 09:15:17 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/05/2023 08:15:52 PM
- MV Oil Trust Announces Trust Third Quarter Distribution • Business Wire • 10/05/2023 08:15:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/10/2023 08:11:44 PM
- MV Oil Trust Announces Trust Second Quarter Distribution • Business Wire • 07/05/2023 08:15:00 PM
- MV Oil Trust Announces Trust First Quarter Distribution • Business Wire • 04/05/2023 08:15:00 PM
Endexx Corporation (EDXC) Leverages Global Market Trends and Legislative Reforms to Spearhead Growth in the Cannabis and Plant-Based Wellness Sectors • EDXC • Mar 27, 2024 3:01 PM
Applied UV, Inc. Announces Pricing of $2.76 Million Registered Direct and Private Placement Priced at the Market Under Nasdaq Rules • AUVI • Mar 27, 2024 2:51 PM
POET and MultiLane Collaborate to Develop High-Speed Pluggable Transceivers for AI Networks • POET • Mar 27, 2024 10:52 AM
Maybacks Global Entertainment Opens 23 More Stations in Important Major Cities • AHRO • Mar 27, 2024 9:00 AM
NxGen Brands Inc. Forecast to Deliver 140% Growth in Q1 2024 • NXGB • Mar 27, 2024 7:30 AM
Kona Gold Beverages, Inc. Strategic Advancements: Covert LLC Introduces Federally Legal D9 Gummies and Revamps Innovative eCommerce Platform, Propelling Toward $12 Million Annual Revenue Goal • KGKG • Mar 26, 2024 8:30 AM