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Scott...Thanks for posting this. Interesting fund and worth exploring more carefully.
Do you know anything about the manager's hedge fund? Does it follow a similar strategy? Does it have a longer perf. record than the mutual fund? Would be int…
Thanks Kevin and Scott...I owned MIC before 2008. Rode it all the way down and sold it too early on the way up in the recovery after 2009. I believe a concern with MIC in 2008 was the quality of the balance sheet and the amount of debt on it. Does…
The closed-end fund looks interesting. Are there any existing funds that currently operate in the same space -- special situations debt/distressed debt? I thought TFCIX would do well here but it has been ho-hum. Not sure which other funds operate …
Scott, Kevin, Others...What metrics do you use to evaluate BIP -- price to book value? I think it is about 1.4 right now. What would be a reasonable entry price for BIP or a price at which you buy more BIP?
Thanks in advance
BWG
Reply to @catch22:
Bummer. Will be interesting to know where Rao ends up. MFCFX had done really well and is a unique fund...world stock fund with ability to go defensive and invest across capital structure. I am also interested in hearing about al…
Reply to @scott:
NYL/Mainstay took over the ICAP funds (e.g., ICSLX, ICEUX) a few years ago. Existing shareholders were grandfathered in to the NL institutional class. NYL committed to keeping the expense ratio the same for a certain period of time.…
While on the subject of L-S funds, any thoughts on Pimco's PMHIX? Very new, but the preceding hedge fund's performance (particularly in 2008) is worth a look. Details are in the prospectus.
Reply to @scott:
Scott and others... what is your take on farmland stocks like JG Boswell (BWEL.pk), Limoneira (LMNR), Cresud (CRESY) etc? Some (particularly JG Boswell) are thinly traded. As always, please do your due diligence.
Sorry for the do…
Jakem...Look at the Forward Tactical Growth Fund (and other mutual funds run by the same manager). Seems to take a similar approach to what you are describing.
Scott...how much of Sprott Resource's value is tied to the farmland vs. the other minerals and metals held by the company? My sense is that the farmland is too small a portion of the stock.
The sudden drop in CRESY, on high volume, has been surpri…
