Yes, pulled the trigger at $1.515, 20k, so I guess that is confidence!
Reason being, it makes money from shorting, and we have had some big falls of recent. It covers the dividend easily most years, so payout should remain a yield around 8pc. With interest rates falling in 2015, maybe alot, I think yield will be king.
Has held up very well this stock, for these reasons I think. Might hit $1.50 today though, or below. Still well above NTA, but a better bet in uncertain markets than long funds.
Thoughts?
Yes, pulled the trigger at $1.515, 20k, so I guess that is...
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