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Post by alvinthechipmunk on Mar 15, 2022 8:58:38 GMT
It's already fallen rather far, into what would be considered penny-stock territory, eh? Share price = $3.24. looks VERY leveraged. Am I reading that right? Distribution rate is over 10%, though. If investing for INCOME.... What is the RISK factor here? www.morningstar.com/cefs/xase/fax/quote |
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Post by xray on Mar 15, 2022 14:19:40 GMT
alvinthechipmunk,
Your:
Distribution rate is over 10%, though. If investing for INCOME.... What is the RISK factor here?
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The 10% distribution is being paid at the expense of a collapsing NAV (cannot be maintained). Years ago, when some of us invested in FAX (MktPrc and NAV >5), FAX had a very good ROI. Today, if/when reviewing FAX, we will be looking at it very negatively (Very bad numb3rs that avoid us from even tracking it)....
Bottom Line: Move on like many of us have to do....
Live Long and Prosper....
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