Economic Investment Trust Ltd ECVTF

Patience Patience

[Malpeque2]

Announcing a stock buyback for this Closed End Fund at such a large discount is a good deal.    Big change from the last few decades!!

One can only know the Jackman family got some value investing religion recently.

Wish they would task someone to actually go in the open market and buy back MORE SHARES.    Pretty anemic actual purchases so far.

[Paddy902]

Have been reviewing this as an investment, and probably tend to review it and UNC every decade, always trying to make sense of the discount and when that might tighten. I think the only end game is a takeover, which when announced results in a nice pop. But I have to say, the compounding of the stand alone entity is not that impressive....ie I might be better to hold CVG for ten years, if that'

[Method]

ELF.TO is like 40% of the assets so EVT should do well as ELF does well.

[BB123456]

THD, the closed end fund run by Morgan Meighen (and they also run T.CGI) got taken out several years ago at 95% of NAV.  The Jackman's seem more patient, but a deal like this would be well received.