Cornerstone Progressive (NYSEMKT:CFP)

CAPS Rating: 1 out of 5

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Member Avatar jed71 (30.07) Submitted: 11/8/2013 12:10:50 PM : Underperform Start Price: $4.77 CFP Score: -4.37

Very dangerous closed end fund. Investors paying $5.25 per share for assets worth $4.30 per share. The long term investment balance on the balance sheet continues to drop each quarter as dividends are paid out. It falls 6-7% each quarter which indicates to me that the dividend is being supported by selling assets (dividend is around 5% per quarter). This should be a pretty easy red thumb.

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Member Avatar brking69 (43.74) Submitted: 12/9/2011 3:56:26 PM : Outperform Start Price: $4.16 CFP Score: -21.75

Yeah, another risk with this one. It hasn't been around long either. But, since early 2010, the price has not fluctuated much. And the monthly dividend has been quite consistent. I would keep an eye on it. I'm going to bail if it gets below 5.25, keep it for long term otherwise. Be sure to invest in an IRA as a DRIP!

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Member Avatar RXDOC73 (99.31) Submitted: 1/24/2011 8:16:25 AM : Outperform Start Price: $4.22 CFP Score: -20.92

Great divi

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Member Avatar bigbenjewell (99.69) Submitted: 12/30/2010 11:26:26 AM : Underperform Start Price: $4.01 CFP Score: +17.50

Closed-end stock fund selling at a substantial premium to NAV.

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Member Avatar BoilerUp82 (32.95) Submitted: 9/28/2010 6:53:56 PM : Outperform Start Price: $3.61 CFP Score: -17.50

Div. will out perform the market this year.

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Member Avatar pauld1976 (84.86) Submitted: 8/11/2010 3:59:42 PM : Outperform Start Price: $3.59 CFP Score: -24.43

At 6.85 and paying $ 0.103 per share monthly. Pretty heafty return. I'm not sure why more people don't jump on the bandwagon.

Results 1 - 6 of 6

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