Registered closed-end, diversified management investment company seeking to produce long-term capital appreciation through investment in common stocks and high current income through investments in income producing securities.
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Fool UK
Recs
CAPS 5 Stars.
22 All Stars backing this up... only 1 is bearish on this fund.
- The good:
The fund mainly holds Berkshire Hathaway and trades at a ~25% discount to NAV. This means that I'm getting some of Buffet's assets at extreme value... given the fact that Berkshire Hathaway is also undervalued at this time... at least in my opinion.
- Not so good:
The fund charges 2.2% for management... which I don't like, but also provides a good dividend that should easily compensate.
- The bad:
PE is listed at 75... which is scary.
Yield is almost 43%... which looks great but we all know it won't stay at this level (hopefully they can PAY the div)
Now what I base my Outperform look on:
As of 2/28/2009
Holding Dollar Value % of Total Portfolio
Berkshire Hathaway Inc. A $54,234,000.00 27.72
Yum! Brands Inc $28,514,000.00 14.57
Berkshire Hathaway Inc.B $23,589,000.00 12.06
Wal-Mart Stores Inc $18,219,000.00 9.31
United States T-Bill $11,097,000.00 5.67
Eaton Corp $5,441,000.00 2.78
Cheung Kong Holdings $4,240,000.00 2.17
Walgreen Co $4,223,000.00 2.16
Claymore Preferred Securities Income $3,597,000.00 1.84
Burlington Northern Santa Fe $3,526,000.00 1.8