Two interesting closed end funds at a discount ($CET, $PSH)
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Last week I tweeted out about Pershing Holdings (PSH; disclosure: long) NAV (Net Asset Value) discount widening out, and it got me thinking about closed end funds. A simple fact about closed end funds is they generally trade at a discount to their NAV. Of course, tons of companies trade at a discount to their NAV; however, calculating NAV generally requires some assumptions. For example, I've long argued tha
Two interesting closed end funds at a discount ($CET, $PSH)
Two interesting closed end funds at a…
Two interesting closed end funds at a discount ($CET, $PSH)
Last week I tweeted out about Pershing Holdings (PSH; disclosure: long) NAV (Net Asset Value) discount widening out, and it got me thinking about closed end funds. A simple fact about closed end funds is they generally trade at a discount to their NAV. Of course, tons of companies trade at a discount to their NAV; however, calculating NAV generally requires some assumptions. For example, I've long argued tha