BILL OWENS “DIVIDEND CONVERSION MACHINES”Anyone have any idea what Bill Owens is talking about when he hypes his ”Dividend Conversion Machines” that can boost (for example) JNJ’s 2.77% dividend to 8%. I suspect this may be some sort of options play but if anyone out there knows what it is I’d appreciate a head’s up.
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It’s Brett Owens not Bill Owens. My bad. He’s with The Contrarian Income Report
These are Closed End Funds usually at big discount to NAV.
Do you know which CEF’s he was touting? I ask because he just started pumping them up again in promos for his Contrarian Income Report.