FCO To BWG: More To Go
FCO
Seeking AlphaMarch 17, 2024
We last covered FCO around 9 months ago; at that time, it appeared BWG was the better bet in this space. That has played out to some degree, with BWG showing better total share price returns during that period. However, this largely came from BWG's discount narrowing as FCO's premium has actually stayed fairly elevated.
FCO: 50% Downside Is Possible In A Conservative Scenario
FCO
Seeking AlphaJuly 5, 2023
Distributions at over 20% of NAV? No Problem. At least that is the current mantra, offset by more and more issuance of units to gullible shareholders. FCO has returned less than 0.5% on NAV over the last decade and the current setup looks worse than when we first covered the fund.