Jun. 24 at 11:59 PM
$GOF Based on today's valuation and the current interest-rate environment, here are my estimated probabilities over the next 12 months:
Price Target
Estimated Probability
$12.00
60–70%
$13.00
30–40%
$14.00
10–20%
$15.00
Less than 5%
These estimates are based on several factors:
GOF is now trading at roughly its NAV, whereas its 52-week average premium has been about 14.4%. Even a partial return toward that historical premium would support a price near
$12 if the NAV remains stable. �
Guggenheim Investments +1
The monthly distribution of
$0.1821 remains unchanged, which continues to attract income investors. �
Yahoo Finance +1
The biggest risks are higher-for-longer interest rates, wider credit spreads, or a meaningful decline in the fund's NAV. Those factors would make a recovery slower. �
Guggenheim Investments +1
My expectation
I think GOF is much closer to a bottom than a top.
