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In the News
CLM: Equity CEF With A 18% Yield
Cornerstone Strategic Value Fund is an equity closed-end management investment company that aims to provide high dividends from a portfolio of equity names. The fund's 18% dividend yield is not supported by its underlying assets, and the CEF has seen its NAV decline by approximately -6.8% annually in the past decade. The fund is subject to overall equity market moves and is at risk of a significant sell-off, potentially even moving to a discount to net asset value.
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November Readers Noted 27 Ideal-To-Buy Dividend Dogs
I discuss reader feedback and suggestions regarding the author's daily stock lists and dividend investing strategies. I also address criticisms of preference for low-priced stocks and the debate over whether a $1k investment should exceed the single-share price. Included is a list of the top 10 ReFa/Ro stocks for potential gains in the coming year based on analyst target prices.
CLM: MDP Inconsistent With NAV Preservation, Avoid
Cornerstone Strategic Value Fund is a closed-end fund with a 19% yield, but its NAV has declined significantly since its inception. The fund's strategy cannibalizes capital and relies on the return of capital to maintain its distribution plan. CLM's high distribution rate is not in line with the returns of the S&P 500.
CLM: One Cut Down, Several To Go
CLM's distribution strategy relies heavily on divestitures of its asset base, making it unsustainable. The recent dividend cut did not significantly improve CLM's prospects, as the forward annualized dividend yield is still overly aggressive. CLM's reliance on capital gains and paid-in capital to cover its dividend creates several areas of concern, making it a speculative investment.
CLM: The NAV Premium Shrinks Considerably
Cornerstone Strategic Value Fund's NAV premium has been eroding, causing the stock to drop significantly. CLM fund's advantage lies in the ability to reinvest dividends at NAV, but the shrinking NAV premium makes this less desirable. Investors should closely monitor the fund's NAV premium and consider alternative options like index funds.
Equity CEFs: You're Still Going To Be Far Better Off In CLM Than GGT
It's been a rough year for CEFs. Between skyrocketing interest rates and liquidity tapering by the Fed, many CEF valuations have plunged to near bear market lows. But have CEF investors completely lost their minds in what they should sell and what they should hold? It seems as though the larger and more liquid the equity CEF fund is, the more it has been sold down since large shareholders have been raising cash anywhere they can.
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 Financial details
CLM Financial Performance
Yearly Fundamentals Overview
Last date of statement is 2023-12-31
Metric | History | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 |
---|---|---|---|---|---|---|
2.02K | 2.02K | 2.02K | 2.02K | 2.02K | ||
Revenue per share | 2.77 | 1.37 | 1.88 | -1.15 | 0.64 | |
Net income per share | 2.76 | 1.36 | 1.87 | -1.16 | 1.77 | |
Operating cash flow per share | 0 | 0 | 0 | 0 | 0 | |
Free cash flow per share | 0 | 0 | 0 | 0 | 0 | |
Cash per share | 0.14 | 0 | 0 | 0 | 0 | |
Book value per share | 11.01 | 10.12 | 11.3 | 6.48 | 7.11 | |
Tangible book value per share | 11.03 | 10.13 | 11.31 | 6.48 | 7.11 | |
Share holders equity per share | 11.01 | 10.12 | 11.3 | 6.48 | 7.11 | |
Interest debt per share | 0 | 0 | 0 | 0 | 0 | |
Market cap | 825.07M | 891.33M | 1.55B | 1.59B | 1.6B | |
Enterprise value | 824.95M | 906.9M | 1.56B | 1.6B | 1.61B | |
P/E ratio | 4.06 | 8.62 | 7.64 | -6.35 | 4.06 | |
Price to sales ratio | 4.04 | 8.54 | 7.6 | -6.39 | 11.22 | |
POCF ratio | 0 | 0 | 0 | 0 | 0 | |
PFCF ratio | 0 | 0 | 0 | 0 | 0 | |
P/B Ratio | 1.02 | 1.16 | 1.26 | 1.14 | 1.01 | |
PTB ratio | 1.02 | 1.16 | 1.26 | 1.14 | 1.01 | |
EV to sales | 4.04 | 8.69 | 7.62 | -6.42 | 11.29 | |
Enterprise value over EBITDA | 4.06 | 8.78 | 7.67 | -6.38 | 4.09 | |
EV to operating cash flow | 0 | 0 | 0 | 0 | 0 | |
EV to free cash flow | 0 | 0 | 0 | 0 | 0 | |
Earnings yield | 0.25 | 0.12 | 0.13 | -0.16 | 0.25 | |
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 | 0.15 | 0.03 | -0.03 | 0.03 | |
Current ratio | 0.79 | 1.5 | 4.7 | 5 | 0 | |
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 | 0.01 | 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 | 26.15 | 17.6 | 21.8 | 13.01 | 16.83 | |
ROIC | 0.25 | 0.13 | 0.17 | -0.18 | 0.25 | |
Return on tangible assets | 0.25 | 0.13 | 0.17 | -0.18 | 0.25 | |
Graham Net | 0.21 | 0 | 0.01 | 0 | 0 | |
Working capital | -857.61K | 812.85K | 1.73M | 2.55M | -618.29K | |
Tangible asset value | 811.53M | 769.9M | 1.23B | 1.4B | 1.58B | |
Net current asset value | -857.61K | 812.85K | 1.73M | 948.43K | -2.29M | |
Invested capital | 0 | 0 | 0 | 0 | 0 | |
Average receivables | 3.6M | 2.81M | 2.32M | 2.69M | 2.57M | |
Average payables | 3.07M | 2.9M | 1.04M | 553K | 627.54K | |
Average inventory | 11.73M | 6.74M | 0 | 0 | 0 | |
Days sales outstanding | 5.71 | 8.51 | 3.93 | -4.66 | 5 | |
Days payables outstanding | 177.06 | 74.6 | 15.42 | 16.62 | 14.17 | |
Days of inventory on hand | 571.76 | 0 | 0 | 0 | 0 | |
Receivables turnover | 63.89 | 42.91 | 92.77 | -78.31 | 73.05 | |
Payables turnover | 2.06 | 4.89 | 23.67 | 21.96 | 25.75 | |
Inventory turnover | 0.64 | 0 | 0 | 0 | 0 | |
ROE | 0.25 | 0.13 | 0.17 | -0.18 | 0.25 | |
Capex per share | 0 | 0 | 0 | 0 | 0 |
Quarterly Fundamentals Overview
Last date of statement is 2023-12-31 for Q4
Metric | History | 2021-12-31 | 2022-06-30 | 2022-12-31 | 2023-06-30 | 2023-12-31 |
---|---|---|---|---|---|---|
2.02K | 2.02K | 2.02K | 2.02K | 2.02K | ||
Revenue per share | 0.24 | 0.09 | 0.16 | 0.3 | 0.34 | |
Net income per share | 0.83 | -1.18 | -0.04 | 1.31 | 0.46 | |
Operating cash flow per share | 0 | 0 | 0 | 0 | 0 | |
Free cash flow per share | 0 | 0 | 0 | 0 | 0 | |
Cash per share | 0 | 1.54 | 0 | 0 | 0 | |
Book value per share | 10.38 | 7.6 | 6.48 | 7.22 | 6.87 | |
Tangible book value per share | 10.38 | 7.6 | 6.48 | 7.22 | 6.87 | |
Share holders equity per share | 10.38 | 7.6 | 6.48 | 7.22 | 6.87 | |
Interest debt per share | 0 | 0 | 0 | 0 | 0 | |
Market cap | 1.69B | 1.76B | 1.59B | 1.84B | 1.65B | |
Enterprise value | 1.7B | 1.76B | 1.6B | 1.85B | 1.66B | |
P/E ratio | 4.3 | -1.81 | -45.61 | 1.6 | 3.91 | |
Price to sales ratio | 60.66 | 92.48 | 47.14 | 28.19 | 21.43 | |
POCF ratio | 0 | 0 | 0 | 0 | 0 | |
PFCF ratio | 0 | 0 | 0 | 0 | 0 | |
P/B Ratio | 1.38 | 1.13 | 1.14 | 1.16 | 1.05 | |
PTB ratio | 1.38 | 1.13 | 1.14 | 1.16 | 1.05 | |
EV to sales | 60.87 | 92.48 | 47.36 | 28.33 | 21.55 | |
Enterprise value over EBITDA | 17.28 | -7.26 | -183.31 | 6.43 | 15.72 | |
EV to operating cash flow | 0 | 0 | 0 | 0 | 0 | |
EV to free cash flow | 0 | 0 | 0 | 0 | 0 | |
Earnings yield | 0.06 | -0.14 | -0.01 | 0.16 | 0.06 | |
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 | 0.06 | 0 | -0.87 | 0.03 | 0.09 | |
Current ratio | 4.7 | 0.03 | 5 | 3.57 | 0 | |
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 | 13.92 | 14.22 | 2.43 | 14.59 | 8.43 | |
ROIC | 0.08 | -0.16 | -0.01 | 0.18 | 0.07 | |
Return on tangible assets | 0.08 | -0.15 | -0.01 | 0.18 | 0.07 | |
Graham Net | 0 | 2.1 | 0 | 0 | 0 | |
Working capital | 1.73M | -40.4M | 2.55M | 901.22K | -618.29K | |
Tangible asset value | 1.23B | 1.55B | 1.4B | 1.59B | 1.58B | |
Net current asset value | 401.9K | -41.64M | 948.43K | 901.22K | -2.29M | |
Invested capital | 0 | 0 | 0 | 0 | 0 | |
Average receivables | 2.99M | 1.73M | 2.22M | 2.22M | 1.6M | |
Average payables | 493.19K | 21.07M | 21.16M | 494.02K | 484.77K | |
Average inventory | 5.06M | 157.79M | 157.79M | 0 | 0 | |
Days sales outstanding | 7.12 | 5.98 | 8.48 | 1.73 | 2.27 | |
Days payables outstanding | 6.34 | 640.27 | 7.05 | 4.08 | 6.81 | |
Days of inventory on hand | 0 | 4.85K | 0 | 0 | 0 | |
Receivables turnover | 12.64 | 15.05 | 10.61 | 52.08 | 39.59 | |
Payables turnover | 14.19 | 0.14 | 12.76 | 22.07 | 13.21 | |
Inventory turnover | 0 | 0.02 | 0 | 0 | 0 | |
ROE | 0.08 | -0.16 | -0.01 | 0.18 | 0.07 | |
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 $7.45 today.
Is Cornerstone Strategic Value Fund, Inc. stock public?
Yes, Cornerstone Strategic Value Fund, Inc. is a publicly traded company.