First Trust Value Line Fund (AMEX:FVL)

CAPS Rating: No stars

Closed-end diversified management investment co

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Member Avatar DumberDave (37.90) Submitted: 7/7/2007 12:52:32 AM : Outperform Start Price: $17.05 FVL Score: -18.13

Fund uses Value Line's Top 100 stocks. Fund voted to change Buy/Sell of up and down stocks plus rebalancing from a monthly to a quarterly basis and eliminated the 10% discount, which probably will reduce the timliness of the fund. This will reduce Short and Long Term Capital Gains payout but the fund still has strong upward potential.

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Member Avatar drchas101 (< 20) Submitted: 2/11/2007 1:09:20 AM : Outperform Start Price: $15.17 FVL Score: -15.76

FVL, which pays a current dividend of 11.5%, is changing from a close end to a exchange traded fund. Daily volume is up about 5x and stock has risen about 10% since this decision was announced. This change should boost acquisition of the stock over the near term.

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