Barron's: Thomas J. Herzfeld & Co
15915 views
Rate Now: 1 2 3 4

average rating: 4.00 / 2 ratings
Created by Barrons
DESCRIPTION:

Date updated:07-07-2007

From Barron's 7-9-07:

"Based in Miami, Thomas J. Herzfeld founded Thomas J. Herzfeld & Co., a brokerage specializing in closed-ends, in 1981, and launched a similarly focused money-management arm, Thomas J. Herzfeld Advisors, in 1984. The firm oversees about $100 million in assets. The Managed Portfolio I, a separate-account program created by the advisory firm in 1987, invests in bond and stock closed-end funds. It has a cumulative total return since inception of 509%, net of fees, versus nearly 400% for the S&P 500.

"After a brief stay in his family's textile business, Thomas J. Herzfeld discovered his true calling in the late 1960s at an unlikely venue: a New York brokerage firm's training program. A session on closed-end funds fascinated him because "they offered investors the opportunity to buy assets at a discount." Now 62, Herzfeld has been pursuing that opportunity for 40 years, becoming one of the nation's foremost experts on the subject."

"...Herzfeld also runs the novel Herzfeld Caribbean Basin Fund (ticker: CUBA), which invests in companies with direct and indirect ties to Cuba and has gained more attention in the past year as Fidel Castro's health has deteriorated.

How many holdings does CUBA have?

About 75. We are broadly diversified but we have really a two-pronged investment strategy. When we formed the fund, we realized that it would be impossible to predict when the embargo with Cuba would be lifted. It is still unpredictable even 14 years later. So we sought to identify companies with operations in the Caribbean that we believed would do well, even if there were no change with U.S. trade with Cuba. We also sought companies that we believe would get significant increases in business once the embargo was lifted. That was the first phase and we are still in that phase now.

Here are some top picks and pans of Herzfeld.

symbol name last price % change open
  • +
  • CVF
    18.84
  • $13.92
  • 0.00
  • $13.92

From Barron's 7-9-07: "We own one of the convertible-bond funds, Castle Convertible [CVF]. That was one of the first funds I ever bought. Castle has been trading at a persistent discount for a very long time, and the management really is long overdue to take some type of measure to narrow it."

People owning CVF also tend to own: BDVDCSECVFFAFGIFLCKYE

TheStreet.com Rating: No Rating What is this?

  • +
  • RYJ
    Claymore/raja Eq
  • $14.94
  • 0.00%
  • $N/A

From Barron's 7-9-07: "We also own Claymore/Raymond James SB-1 Equity [RYJ], which is interesting because it has a provision that if it trades at over a 10% discount starting at the end of this year for 75 consecutive trading days, it converts to an open-end fund."

People owning RYJ also tend to own: BLUDCRESYGGGRMNIFNPXJAPF

TheStreet.com Rating: No Rating What is this?

  • +
  • ADX
    Adams Express Co
  • $9.85
  • +0.20%
  • $9.73

From Barron's 7-9-07: "Adams Express [ADX] is another older fund that doesn't have a high-payout policy.

People owning ADX also tend to own: BDVBGRECVEGFCVYDEFGMCR

TheStreet.com Rating: No Rating What is this?

  • +
  • TDF
    Templeton Dragon
  • $26.245
  • -0.32%
  • $26.00

From Barron's 7-9-07: "We're looking at some foreign equity funds. The discounts have widened on a few of them. We recently bought some Templeton Dragon Fund [TDF], which is at about a 15% discount to its NAV."

People owning TDF also tend to own: ABBCOMSFMOFXISTEMVLOXLE

TheStreet.com Rating: No Rating What is this?

  • +
  • CET
    Central Secs
  • $17.51
  • 0.00%
  • $N/A

No Analysis added

People owning CET also tend to own: CADXDISEGOFDGGLSHALLMC

TheStreet.com Rating: No Rating What is this?

  • +
  • ESD
    Western Asset Eme
  • $17.00
  • 0.00%
  • $16.88

No Analysis added

People owning ESD also tend to own: APFDIVEQSGGTHTDRTUSRO

TheStreet.com Rating: No Rating What is this?

  • +
  • EDF
    Citigroup Fdg
  • $10.55
  • 0.00%
  • $N/A

No Analysis added

People owning EDF also tend to own: AMDERFGLWHTROGZPY.PKTBAM

TheStreet.com Rating: No Rating What is this?

  • +
  • SCD
    Lmp Capital And I
  • $9.70
  • +0.31%
  • $9.57

No Analysis added

People owning SCD also tend to own: ACASBTOCCSCOCVSERCETG

TheStreet.com Rating: No Rating What is this?

Portfolio not tracked!

  • No Videos Found

Comments not available

ADD YOUR COMMENTS:

latest articles | popular forums
This Week's 'Barron's' Roundup

By Roberto Pedone Posted on Nov. 9, 2009 Financial-Services Bull: Barron’s talks with Anton Schutz, portfolio manager at the Burnham Financial Industries Fund (BURFX)...

11.09.09 | 11:01 AM
Rocket Stocks for the Week

By Jonas Elmerraji Posted on Nov. 9, 2009 Last week brought investors a welcome return to gains as the S&P 500 pushed up 3.2% over the course of the last five trading d...

11.09.09 | 08:04 AM
Jim Cramer's Portfolios of the Week

By Roberto Pedone Posted on Nov. 6, 2009 According to Jim Cramer, the bears are tellinginvestors six lies. On Wednesday’s “Mad Money” TV show, Cramer said if you ...

11.06.09 | 15:52 PM
'Fast Money' Portfolios of the Week

By Roberto Pedone Posted on Nov. 5, 2009 The traders on CNBC’s “Fast Money” told their viewers what they must know after Warren Buffett announced on Tuesday his l...

11.05.09 | 12:05 PM
more articles
Nymph's Trading Daily Trading Diary
04.13.09 | 01:10 AM From author Trading Nymph
General market Technical Analysi...
11.14.07 | 22:55 PM From author ZA
The Presidential/Political Thread
01.02.08 | 08:05 AM From author Dave Cox
Robotic Stock Trading Software
11.05.09 | 14:31 PM From author jm.4769
more forums
recent answers | popular answers
bubble(0)
today 's lists
TheStreet.com TV Videos

These are some of the stocks mentioned on TheStreet.com TV on Sept. 2. Click the URL below each stock to watch the videos. more

Analyst Downgrades

Analyst Downgrades for Nov. 2, 2009. Read more here. more

52-Week Lows

Here is a list of some of the biggest stocks that hit 52-week lows on Nov. 2, 2009. more

show all today's lists