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In the News

Readers Post 32 August Dividend Buy Candidates
Prior to August 31, 2023, my Readers mentioned 37 equities in their comments on my articles. Some bad-news investments (ROgues) mixed with (mostly) FAvorites. Thus, these are ReFa/Ro. Ten analyst-target-estimated TOP-NET-GAIN Re/Fa/Ro: PFE, PBR, O, T, BRSP, BTI, PRB.A, VOD, WBA, and MITT, averaged 48.7% net gains from reader data collected 8/18/23. Ten analyst-target-augured August TOP-PRICE-UPSIDE reader faves & rogues (ReFa/Ro) were: MMM, KHC, BRSP, T, O, PFE, BTI, VOD, WBA, & MITT boasting a 46.54% average target price upside estimate.

CLM Is A Structural Value Trap
Cornerstone Strategic Value Fund is a closed-end fund that aims for long-term capital appreciation through equity securities. CLM's top holdings closely resemble those of the S&P 500, but it underperforms the market and has a higher expense ratio. CLM's poor performance can be attributed to its distribution policy, which relies on selling assets to fund dividends and leads to NAV erosion.

CLM: Why I Will Probably Never Buy
I have been researching cash flow investing for retirement and am designing a high-yield low-variance portfolio. Cornerstone Strategic Value Fund is frequently recommended to me because of its tax and DRIP advantages. Their total returns are lagging both the SPY and the QQQ on multiple timeframes.

Evaluating CEFs: Does CLM Cut The Distribution Yet Again
CLM has a yield of 17% based on the declared distributions. I continue my series digging into CEFs beyond the yield with a look at CLM. I will use the same metrics in this update following my previous coverage in January. With a total return on NAV over the last 12 months of just 12.5% it doesn't look like the distribution, with a yield on NAV over 26%, is fully covered.

CLM Only Works If It Can Maintain Its NAV Premium
Cornerstone Strategic Value Fund is a highly controversial fund with its ever-declining share price and 4-star Morningstar rating. The fund's performance relies on it trading at a premium to its NAV, a situation that may or may not continue indefinitely, potentially impacting the lucrative reinvestments for investors. Investors need to ensure their broker supports reinvestments at NAV price, as most of the fund's performance comes from its NAV premium, and pay attention to the fund's NAV premium situation, which will drive its performance.

Equity CEFs: The Irony Of The Cornerstone Funds CLM And CRF
Equity CEFs: The Irony Of The Cornerstone Funds CLM And CRF

Weekly Closed-End Fund Roundup: DEX Tender Offering Expires (February 5, 2023)
17 out of 22 CEF sectors positive on price and 18 out of 22 sectors positive on NAV last week. RSF offering results.

Equity CEFs: The Best Return Of Capital Funds For 2023 (And A Look At BIGZ, CLM And ETW)
It was back in November of 2012, yes, over a decade ago, that I wrote my first article discussing the benefits of high Return of Capital (ROC) in equity CEF distributions. Back then, I first wrote (link below) about the risks and tax-differences between high ROC in equity based CEFs vs tax-free distributions in municipal bond CEFs.

Evaluating CEFs: CLM After Distribution Reduction Still Has Weak Coverage
CLM has a yield of 18.92% (based on the declared distributions for the next 12 months). This is attractive if the distribution can be supported. I continue my series digging into CEFs beyond the yield with a look at CLM.

How To Use CEFs For A Rich Retirement
Closed-end funds are great income investments thanks to tax laws and tradition. Being required to pay out most of their taxable gains explains a lot about how CEFs act.
CLM Financial details
CLM Financial Performance
Yearly Fundamentals Overview
Last date of statement is 2022-12-31
Metric | History | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 |
---|---|---|---|---|---|---|
Revenue per share | -0.73 | 2.77 | 1.37 | 1.88 | -1.15 | |
Net income per share | -0.74 | 2.76 | 1.36 | 1.87 | -1.16 | |
Operating cash flow per share | 0 | 0 | 0 | 0 | 0 | |
Free cash flow per share | 0 | 0 | 0 | 0 | 0 | |
Cash per share | 0 | 0 | 0 | 0 | 0 | |
Book value per share | 9.7 | 11.01 | 10.12 | 11.3 | 6.48 | |
Tangible book value per share | 9.7 | 11.03 | 10.13 | 11.31 | 6.48 | |
Share holders equity per share | 9.7 | 11.01 | 10.12 | 11.3 | 6.48 | |
Interest debt per share | 0 | 0 | 0 | 0 | 0 | |
Market cap | 878.97M | 825.07M | 891.33M | 1.55B | 1.59B | |
Enterprise value | 878.96M | 824.95M | 891.33M | 1.55B | 1.59B | |
P/E ratio | -15.11 | 4.06 | 8.62 | 7.64 | -6.35 | |
Price to sales ratio | -15.38 | 4.04 | 8.54 | 7.6 | -6.39 | |
POCF ratio | 0 | 0 | 0 | 0 | 0 | |
PFCF ratio | 0 | 0 | 0 | 0 | 0 | |
P/B Ratio | 1.15 | 1.02 | 1.16 | 1.26 | 1.14 | |
PTB ratio | 1.15 | 1.02 | 1.16 | 1.26 | 1.14 | |
EV to sales | -15.38 | 4.04 | 8.54 | 7.6 | -6.39 | |
Enterprise value over EBITDA | -15.11 | 4.06 | 8.62 | 7.64 | -6.35 | |
EV to operating cash flow | 0 | 0 | 0 | 0 | 0 | |
EV to free cash flow | 0 | 0 | 0 | 0 | 0 | |
Earnings yield | -0.07 | 0.25 | 0.12 | 0.13 | -0.16 | |
Free cash flow yield | 0 | 0 | 0 | 0 | 0 | |
Debt to equity | 0 | 0 | 0 | 0 | 0 | |
Debt to assets | 0 | 0 | 0 | 0 | 0 | |
Net debt to EBITDA | 0 | 0 | 0 | 0 | 0 | |
Current ratio | 2.04 | 0.79 | 1.5 | 4.7 | 5 | |
Interest coverage | 0 | 0 | 0 | 0 | 0 | |
Income quality | 0 | 0 | 0 | 0 | 0 | |
Dividend Yield | 0 | 0 | 0 | 0 | 0 | |
Payout ratio | 0 | 0 | 0 | 0 | 0 | |
Sales general and administrative to revenue | -0.02 | 0.01 | 0.01 | 0.01 | -0.01 | |
Research and developement to revenue | 0 | 0 | 0 | 0 | 0 | |
Intangibles to total assets | 0 | 0 | 0 | 0 | 0 | |
Capex to operating cash flow | 0 | 0 | 0 | 0 | 0 | |
Capex to revenue | 0 | 0 | 0 | 0 | 0 | |
Capex to depreciation | 0 | 0 | 0 | 0 | 0 | |
Stock based compensation to revenue | 0 | 0 | 0 | 0 | 0 | |
Graham number | 12.71 | 26.15 | 17.6 | 21.8 | 13.01 | |
ROIC | -0.08 | 0.25 | 0.13 | 0.17 | -0.18 | |
Return on tangible assets | -0.08 | 0.25 | 0.13 | 0.17 | -0.18 | |
Graham Net | 0 | -0.02 | 0 | 0.01 | 0 | |
Working capital | 2.05M | -857.61K | 812.85K | 1.73M | 2.55M | |
Tangible asset value | 762.24M | 811.53M | 769.9M | 1.23B | 1.4B | |
Net current asset value | 1.13M | -857.61K | 812.85K | 1.73M | 948.43K | |
Invested capital | 0 | 0 | 0 | 0 | 0 | |
Average receivables | 3.77M | 3.6M | 2.81M | 2.32M | 2.69M | |
Average payables | 5.74M | 3.07M | 2.9M | 1.04M | 553K | |
Average inventory | 0 | 0 | 0 | 0 | 0 | |
Days sales outstanding | -25.58 | 5.71 | 8.51 | 3.93 | -4.66 | |
Days payables outstanding | 0 | 0 | 0 | 0 | 0 | |
Days of inventory on hand | 0 | 0 | 0 | 0 | 0 | |
Receivables turnover | -14.27 | 63.89 | 42.91 | 92.77 | -78.31 | |
Payables turnover | 0 | 0 | 0 | 0 | 0 | |
Inventory turnover | 0 | 0 | 0 | 0 | 0 | |
ROE | -0.08 | 0.25 | 0.13 | 0.17 | -0.18 | |
Capex per share | 0 | 0 | 0 | 0 | 0 |
Quarterly Fundamentals Overview
Last date of statement is 2023-06-30 for Q2
Metric | History | 2021-06-30 | 2021-12-31 | 2022-06-30 | 2022-12-31 | 2023-06-30 |
---|---|---|---|---|---|---|
Revenue per share | 0 | 0 | 0 | 0 | 0 | |
Net income per share | 0 | 0 | 0 | 0 | 0 | |
Operating cash flow per share | 0 | 0 | 0 | 0 | 0 | |
Free cash flow per share | 0 | 0 | 0 | 0 | 0 | |
Cash per share | 0 | 0 | 0 | 0 | 0 | |
Book value per share | 0 | 0 | 0 | 0 | 0 | |
Tangible book value per share | 0 | 0 | 0 | 0 | 0 | |
Share holders equity per share | 0 | 0 | 0 | 0 | 0 | |
Interest debt per share | 0 | 0 | 0 | 0 | 0 | |
Market cap | 0 | 0 | 0 | 0 | 0 | |
Enterprise value | -19 | 0 | -10.26K | 0 | 0 | |
P/E ratio | 0 | 0 | 0 | 0 | 0 | |
Price to sales ratio | 0 | 0 | 0 | 0 | 0 | |
POCF ratio | 0 | 0 | 0 | 0 | 0 | |
PFCF ratio | 0 | 0 | 0 | 0 | 0 | |
P/B Ratio | 0 | 0 | 0 | 0 | 0 | |
PTB ratio | 0 | 0 | 0 | 0 | 0 | |
EV to sales | 0 | 0 | 0 | 0 | 0 | |
Enterprise value over EBITDA | 0 | 0 | 0 | 0 | 0 | |
EV to operating cash flow | 0 | 0 | 0 | 0 | 0 | |
EV to free cash flow | 0 | 0 | 0 | 0 | 0 | |
Earnings yield | 0 | 0 | 0 | 0 | 0 | |
Free cash flow yield | 0 | 0 | 0 | 0 | 0 | |
Debt to equity | 0 | 0 | 0 | 0 | 0 | |
Debt to assets | 0 | 0 | 0 | 0 | 0 | |
Net debt to EBITDA | 0 | 0 | 0 | 0 | 0 | |
Current ratio | 7.31 | 4.7 | 0.03 | 5 | 3.57 | |
Interest coverage | 0 | 0 | 0 | 0 | 0 | |
Income quality | 0 | 0 | 0 | 0 | 0 | |
Dividend Yield | 0 | 0 | 0 | 0 | 0 | |
Payout ratio | 0 | 0 | 0 | 0 | 0 | |
Sales general and administrative to revenue | 0 | 0 | 0 | 0 | 0 | |
Research and developement to revenue | 0 | 0 | 0 | 0 | 0 | |
Intangibles to total assets | 0 | 0 | 0 | 0 | 0 | |
Capex to operating cash flow | 0 | 0 | 0 | 0 | 0 | |
Capex to revenue | 0 | 0 | 0 | 0 | 0 | |
Capex to depreciation | 0 | 0 | 0 | 0 | 0 | |
Stock based compensation to revenue | 0 | 0 | 0 | 0 | 0 | |
Graham number | 0 | 0 | 0 | 0 | 0 | |
ROIC | 0 | 0 | 0 | 0 | 0 | |
Return on tangible assets | 0 | 0 | 0 | 0 | 0 | |
Graham Net | 0 | 0 | 0 | 0 | 0 | |
Working capital | 3.26M | 1.73M | -40.4M | 2.55M | 901.22K | |
Tangible asset value | 1.22B | 1.23B | 1.55B | 1.4B | 1.59B | |
Net current asset value | 2.03M | 401.9K | -41.64M | 948.43K | 901.22K | |
Invested capital | 0 | 0 | 0 | 0 | 0 | |
Average receivables | 3.11M | 2.99M | 1.73M | 2.22M | 2.22M | |
Average payables | 1.07M | 493.19K | 21.07M | 21.16M | 494.02K | |
Average inventory | 0 | 0 | 0 | 0 | 0 | |
Days sales outstanding | 0 | 0 | 0 | 0 | 0 | |
Days payables outstanding | 0 | 0 | 0 | 0 | 0 | |
Days of inventory on hand | 0 | 0 | 0 | 0 | 0 | |
Receivables turnover | 0 | 0 | 0 | 0 | 0 | |
Payables turnover | 0 | 0 | 0 | 0 | 0 | |
Inventory turnover | 0 | 0 | 0 | 0 | 0 | |
ROE | 0 | 0 | 0 | 0 | 0 | |
Capex per share | 0 | 0 | 0 | 0 | 0 |
CLM Frequently Asked Questions
What is Cornerstone Strategic Value Fund, Inc. stock symbol ?
Cornerstone Strategic Value Fund, Inc. is a US stock , located in Asheville of Nc and trading under the symbol CLM
What is Cornerstone Strategic Value Fund, Inc. stock quote today ?
Cornerstone Strategic Value Fund, Inc. stock price is $7.97 today.
Is Cornerstone Strategic Value Fund, Inc. stock public?
Yes, Cornerstone Strategic Value Fund, Inc. is a publicly traded company.