How Traders Can Follow the Income Crowd for Double-Digit Gains
August 11, 2010 at 08:12 AM EDT
In my Daily Paycheck newsletter, I buy income-generating securities for the long haul — reinvesting dividends for compound growth and income. But when I see an investment with ridiculous fundamentals, coupled with a repeating trend, it gets my trader's heart beating. And that's what I see when I look at the Gabelli Global Multimedia Trust (NYSE: GGT) . GGT is a closed-end fund specializing in global media companies. It has a solid portfolio of television networks and digital television service providers. Telecoms, which are usually stable cash-flow generators, account for about a quarter of the fund's holdings. The "Mad Men" Fundamentals Ad spending is on the rise and spiriting the profits of media companies. In the latest wave of earnings reports, CBS (NYSE: CBS) posted a +17% rise…