Post by
mouserman on Mar 13, 2024 4:50pm
FFN unit nav to March 13 = approx: $15.62
Trading at a very attractive valuation... anytime you get some nice safety coverage above the 15$ threshhold with the annual YIELD NEARLY 25% its a good buy. There is the possibility of some downside , if the FED doesnt cut rates as quick as the market believes will happen. Underwater Commercial debt is the scary situation right now.
Comment by
Higherhopes2020 on Mar 14, 2024 5:18am
DGS trades at NAV and yields 20% where as FFN trades at a Discount to NAV and yields 24%. So, I think FFN is a better buy until it trades at NAV or little bit higher. Any comments?
Comment by
mouserman on Mar 14, 2024 11:34am
The advantage for DGS is that the payout is not as high, AND it is much more diversified. IF the financials take a hit DGS may fare better than FFN .