Today in the market, Friday, June 05, 2009: Mixed economic reports left investors confused and thus the market indices ended flat.
ETF/CEF High Volatility:
• DNP – Duff & Phelps Util Incm
ETF/CEF Discussion: I’m reluctant to suggest today’s lone pick. Its P/Y/E are 27.56%/10.09% /2.46% which are jaw dropping. Although the 10.09% dividend yield is great, a 27% premium to NAV is unreasonably too pricy. Also the almost 2 ½% expense ratio is awfully pricy for my taste. So there you have it … a terrible pick from RSI to end this bouncy week.
Have a great weekend.
