Adams Express Company (AMEX:ADX)

Krosser (24.10) Submitted: 6/18/2010 4:47:51 AM : Start Price: $9.29 ADX Score: -14.28

Trades at a discount to its underlying NAV.

IlanBigfoot (85.01) Submitted: 6/9/2010 12:27:50 PM : Start Price: $9.02 ADX Score: +15.46

Has underperformed S&P500 for 3, 5, and 10 years, with mostly large-cap holdings. Dividend history is confusing, pays a nickle Q1,2&3; than in November pays a much larger dividend that is mostly made up of a return of capital, draining the value of the fund. Actual dividends passed on from holdings is much less:

Distribution Yield (Market) 4.63%
Income Only Yield 1.30%

Adams appears to yield income less than the S&P500. Compare ADX's 1.3% to SPY's 1.92%.

IMO, Adams' benefit of 14.7% discount to NAV is eaten up by fees (Mgmt Fees   0.667%, Expense Ratio 0.900%) and poor stock selection.

claygrant1974 (42.58) Submitted: 4/28/2010 2:10:30 PM : Start Price: $10.18 ADX Score: -15.93

Discounted!

ChannelDunlap (< 20) Submitted: 7/15/2009 4:52:17 PM : Start Price: $7.75 ADX Score: +18.30

Looks like this very closely matches the S&P. Pretty much flip a coin and close it at the right time. Red-Thumbed due to a lower dividend yield than SPY.

zhi8 (< 20) Submitted: 3/28/2009 12:44:53 AM : Start Price: $6.75 ADX Score: -24.46

Nice diversified set of top rated large cap companies selling at larger than normal historic discount.

agage (< 20) Submitted: 8/3/2008 10:24:01 AM : Start Price: $9.95 ADX Score: +11.21

I have owned ADX for years and have considered the return as mediocre. I still own it because othersseem to rate it rather well