In from BAK & HH | FAX Message Board Posts

Aberdeen Asia-Pacific Income Fund Inc.

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Msg  36692 of 36694  at  8/5/2015 10:32:31 PM  by

jolly_swagman_7


 In response to msg 36691 by  gjunk3
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Hold

Re: In from BAK & HH

 FAX does seem to be reaching a disc that could make the long term prognosis for it viable.
 
Agreed. 
 
Bear case:  Some Australian banks are looking for the $AUS to dip under $.70 this year.  Then there is tax loss selling in a few months.  It also depends on whether you feel that commodities (oil, iron ore, coal, gold) have bottomed. And when commodities go up, will the reasons that they go up pull up interest rates along with them.  If we hit a recession, all boats will likely go down.
 
I live in Australia, and I don't see anything happening to cause a sudden shift in FAX either way.  However, it the yield were to temporarily hit 10%, I would certainly consider jumping in.  
 


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Replies
Msg # Subject Author Recs Date Posted
36693 Re: In from BAK & HH ecw1951 2 8/7/2015 2:31:29 PM






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