Comments on: "Secret Penny Hedge Fund" http://www.stockgumshoe.com/2007/07/secret-penny-hedge-fund.html Frustrated or intrigued by email teasers from investment newsletters and advisers? We solve them and track their performance here ... so stick around, participate and subscribe (it's free)! Sat, 21 Nov 2009 05:52:09 -0600 http://wordpress.org/?v=2.8.4 hourly 1 By: Anonymous http://www.stockgumshoe.com/2007/07/secret-penny-hedge-fund.html/comment-page-1#comment-435 Anonymous Sun, 30 Dec 2007 04:52:00 +0000 http://www.stockgumshoe.com/?p=131#comment-435 The CDO also appears to be something that FUR itself put together (?) and knows/is associated with all of the components involved. They didn't put it together to sell it off but rather to make money themselves, and they didn't buy it not knowing what was/is lurking inside it.<br/><br/>Maybe it's what a CDO should be, rather than the plethora out there that were abused and are now terrifying investors. The CDO also appears to be something that FUR itself put together (?) and knows/is associated with all of the components involved. They didn’t put it together to sell it off but rather to make money themselves, and they didn’t buy it not knowing what was/is lurking inside it.

Maybe it’s what a CDO should be, rather than the plethora out there that were abused and are now terrifying investors.

]]> By: Anonymous http://www.stockgumshoe.com/2007/07/secret-penny-hedge-fund.html/comment-page-1#comment-434 Anonymous Sun, 30 Dec 2007 04:47:00 +0000 http://www.stockgumshoe.com/?p=131#comment-434 12/28/07 FUR continues to be down, along with lots of stuff that has any exposure to real estate. They also have a CDO as part of their portfolio, which may be scaring people off, but the CEO sounded quite postitive about it in the last conference call so it doesn't look have the same weaknesses as other CDO-related investments. It's all commercial real estate for one thing - no subprime housing speculators.<br/><br/>Stock price is at $5.29 at the moment, but FUR has had 31 cents deducted from that price for dividends in the last two quarters, so that's in shareholders pockets. 12/28/07 FUR continues to be down, along with lots of stuff that has any exposure to real estate. They also have a CDO as part of their portfolio, which may be scaring people off, but the CEO sounded quite postitive about it in the last conference call so it doesn’t look have the same weaknesses as other CDO-related investments. It’s all commercial real estate for one thing – no subprime housing speculators.

Stock price is at $5.29 at the moment, but FUR has had 31 cents deducted from that price for dividends in the last two quarters, so that’s in shareholders pockets.

]]> By: Anonymous http://www.stockgumshoe.com/2007/07/secret-penny-hedge-fund.html/comment-page-1#comment-433 Anonymous Mon, 06 Aug 2007 02:29:00 +0000 http://www.stockgumshoe.com/?p=131#comment-433 I overstated that a bit. They will get 20% of all dividends if they ever reach a specific dividend total sometime in the future. The target number compounds every year, so it will be a while before it is ever reached, but it's still bothersome if you want to be a long-term investor in this company, and just when you're ready to retire using the dividends for steady income, the bigwigs start taking a 20% chunk for the rest of the company's existence. I overstated that a bit. They will get 20% of all dividends if they ever reach a specific dividend total sometime in the future. The target number compounds every year, so it will be a while before it is ever reached, but it’s still bothersome if you want to be a long-term investor in this company, and just when you’re ready to retire using the dividends for steady income, the bigwigs start taking a 20% chunk for the rest of the company’s existence.

]]> By: Anonymous http://www.stockgumshoe.com/2007/07/secret-penny-hedge-fund.html/comment-page-1#comment-432 Anonymous Sun, 05 Aug 2007 05:53:00 +0000 http://www.stockgumshoe.com/?p=131#comment-432 It is indeed FUR - I have been passed the Penny Letter itself by a friend. The analysis is quite convincing, but looking at the FUR website, "no management fees" is a bit misleading, because FUR pays "FUR Advisors" (who are the same guys who <i>are </i> FUR itself) significant fees, <i>plus</i> they get 20% of the dividends from each common share!! It is indeed FUR – I have been passed the Penny Letter itself by a friend. The analysis is quite convincing, but looking at the FUR website, “no management fees” is a bit misleading, because FUR pays “FUR Advisors” (who are the same guys who are FUR itself) significant fees, plus they get 20% of the dividends from each common share!!

]]> By: Anonymous http://www.stockgumshoe.com/2007/07/secret-penny-hedge-fund.html/comment-page-1#comment-431 Anonymous Mon, 23 Jul 2007 12:07:00 +0000 http://www.stockgumshoe.com/?p=131#comment-431 Another Penny Fund: My deutschrap.com adsense account :) Another Penny Fund: My deutschrap.com adsense account :)

]]>