Looking at your point regarding that earning call, it seems you're looking at this in light of a more traditional company and not an ETF/REIT/Leveraged fund. Forgive me if I'm wrong in that assumption. For conventional value investing, this is probably true, I'm no expert.
It does seem to me that there is room for a stock like this in one's portfolio though, as part of a larger strategy. Maybe a high yield leveraged fund is only a small portion of your stock, or you need to convert some of your assets to income for a few years.
It does seem to me that there is room for a stock like this in one's portfolio though, as part of a larger strategy. Maybe a high yield leveraged fund is only a small portion of your stock, or you need to convert some of your assets to income for a few years.