Equus Total Return, Inc. (AMEX:EQS)
The Company generates current distributions of net investment income and long term capital gains by making equity-oriented investments in small to medium sized privately owned companies.
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Recs
evanmacdonald
(35.05)
Submitted: 3/2/2010 1:17:53 PM :
Start Price:
$3.06
EQS Score:
-46.48
Even after a huge writedown in the value of a couple of their portfolio companies, EQS is still trading at a P/B of less than 0.5, extremely rare for a closed end fund. The writedown coincided with the naming of a new chief investment officer, so it seems like they wanted to write down everything they could and start fresh and are thus unlikely to write down anything else. I would expect their P/B to tend back towards 1 as long as their new investment head does his job.
Recs
buckint
(< 20)
Submitted: 11/29/2009 9:12:33 AM :
Start Price:
$3.30
EQS Score:
-54.90
CEF trading at substantial discount to NAV.
Recs
LattePup
(98.74)
Submitted: 8/14/2009 3:20:26 PM :
Start Price:
$3.40
EQS Score:
-68.63
closed end etf at large discount to NAV, though NAV is ill defined given thinly traded holdings
Recs
gembree
(99.96)
Submitted: 4/1/2009 10:55:28 AM :
Start Price:
$2.75
EQS Score:
-87.55
It's important to understand this is not just a basket of stocks selling way below value - this is a private equity fund invested largely in debt and preferred that takes 2-and-20 off the top. Moreover, all the information we have to value these securities is management's assessment of their fair value. A large discount to NAV is probably warranted, but probably not a 70% discount.
Recs
moodaddy
(< 20)
Submitted: 10/7/2008 4:22:10 PM :
Start Price:
$5.80
EQS Score:
-101.55
Their holdings are in companies that run cyclical and coutner-cyclical to the economy, so regardless of the current ecenomic situation the fund should perform.
Recs
hicsuget
(< 20)
Submitted: 8/11/2008 3:46:38 PM :
Start Price:
$7.19
EQS Score:
-74.29
Market cap of 62M vs net tangible assets of 104M.
Recs
kimdfool
(59.20)
Submitted: 4/23/2008 10:14:24 PM :
Start Price:
$6.53
EQS Score:
-66.75
Returns 10% annually in dividends. Has strong cash flows and non-traditional investments are a hedge in a turbulent market. At less than 60 cents to a dollar, it has a built in margin of error.
Recs
brpcaps
(< 20)
Submitted: 4/7/2008 9:12:52 PM :
Start Price:
$6.70
EQS Score:
-68.15
A Closed End Fund 5-Star rated by Morning Star is surprisingly traded at 40% discount to its Book Value. This fund invests in selected Private Companies that have great potential. Not only that, its last two quarters were terrific. Added to that, the dividend yield is about 10%. What else do you want?
The only problem is the trade volume is little less being a small cap. However, since the fund pays its dividend in the form of stock, this is going to be improved.
Current price is $7 and current book value is $12.07. That means I can buy $12 by paying just $7. That looks like steal for me.
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