|New Threads Only:|
|New Threads & Replies:|
Forum List » Value Ideas and Strategies|
Share and discuss value investing ideas and investing strategies.
Insiders Are Buying MINT Income Fund
Posted by: Markus Aarnio (IP Logged)
Date: August 21, 2013 02:28PM
The PowerShares CEF Income Composite Portfolio ETF (PCEF) is currently down 0.75% year to date.
(click to enlarge)
In this article, I will feature one closed-end fund that has seen intensive insider buying during the last 30 days. Intensive insider buying can be defined by the following three criteria:
(click to enlarge)
Insider Buying by Insider (Last 30 Days)
Here is a table of MINT Income Fund's insider-trading activity by calendar month.
There have been 57,718 shares purchased and there have been zero shares sold by the insiders since March 2013.
Top 10 Holdings
MINT Income Fund's top 10 holdings as of June 30 were:
1. Magna International (MGA)
2. Peyto Exploration & Development (PEYUF.PK)
3. Perpetual Energy (PMGYF.PK) 8.75% due March 15, 2018
4. Trilogy Energy (TETZF.PK)
5. ARC Resources (AETUF.PK)
6. Canexus (CXUSF.PK)
7. Labrador Iron Ore Royalty Corporation (LIFZF.PK)
8. ADT Corporation (ADT)
9. JPMorgan Chase & Co. (JPM)
10. E.I. du Pont de Nemours and Company (DuPont) (DD)
Peyto Exploration & Development, JPMorgan and DuPont have seen insider selling during the past 30 days. Perpetual Energy, Canexus and ADT Corporation have seen insider buying during the past 30 days. ARC Resources has seen both insider buying and selling during the past 30 days.
There have been three different insiders buying MINT Income Fund and there have not been any insiders selling MINT Income Fund during the past 30 days. All three of these insiders increased their holdings by more than 10%. MINT Income Fund has a dividend yield of 7.2%. As of Aug. 15 MINT Income Fund had a net asset value of $9.83 per share. The stock is currently trading at $10, which could be a good entry point for the stock.
Disclosure: I have no positions in any stocks mentioned
Stocks Discussed: MID.UN.TO, ADT, AETUF.PK, CXUSF.PK, DD, JPM, LIFZF.PK, MG,
Disclaimers: GuruFocus.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The gurus may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.