+ Watch FOFI
on My Watchlist
A closed-end, diversified investment company.
This is a stealth play on recovery of the financial sector which has been desevedly beaten to a pulp. FF is a closed-ended fund, whick is an ETF on steroids. In addition the underlying NAV the CEF trades on it's own market price.FF was named First Financial and is still FF but changed the name to First Opportunity Fund and is no longer locked into a mandatory percentage of financial service stocks. FF Historically paind a good DIVY limited a bit normally demanding a high premium.However, FF has lately sold and a very high discount in this financials intolerant market. I don't know if FF will be a single or a grand slam. But I am putting my money down to find out, with several thousand shares averaging around 5.50.
very good, 23% for the Year, now trhey are talking about doing a quartly or monthly Dividend of $1.80 per share, check it out and that is a Direct Quote.
bc i received this from igc
2ND DAY ON EXCHANGE ALREADY JUMPED ALMOST $3.00 STOCK HAS NOWHERE TO GO BUT UP.
Another fund, though this one will give one a 23% return attghe end of the year, if you can wait until the end of the year bonus money, think about it.
After a long stream of insider sales on this fund, there is now some recent diverse (but not substantial) insider buying. Hard to figure out if this one will do well or not in the current maelstrom in the finanancial subprime / houseing sector. If this fund can do things right, they will make out like bandits, but if not, it will crush the fund. Luckily they have low debt, which should allow them to ride out temporary downturns in their investment portfolio, or to borrow if there are fantastic deals.
Excellent company but will probably underperform until the whole lending and mortgage market comes around at which time I will change my rating to outperform.
This fund buys undervalued small banks and other small financial stocks. The dividend is often excellent, but CAPS doesn't credit dividends. When the price of FF drops a lot, it may be due to a dividend payment.
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