Helios Strategic Income Fund (AMEX:HSA)
Diversified closed-end investment company
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what ever for now. good for dividends now. no growth anytime soon
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a closed end fund, beaten up because it holds significant CDO and other mortgage back securities. I expect that the sell off is over done and it will rise from the ashes.
Now $3.88 29% dividend
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Oversold, 28% yeild 10% exposure to subprime, p/e of 3
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One of the sub-prime stocks managed by Jim Kelso. Also see Morgan Keegans other funds managed by Kelso. Rmh, Rhy, Rma, Ricbx, and Rhiix. Will investors bring against MK?
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Oversold - attractive yld - nice portfolio
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