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Cornerstone Strategic Value Fund Inc (CLM)

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7.28 -0.01    -0.07%
12:24:03 - Real-time Cboe. Currency in USD ( Disclaimer )
Type:  Equity
Market:  United States
  • Volume: 509,293
  • Bid/Ask: 0.00 / 0.00
  • Day's Range: 7.26 - 7.35
Cornerstone Strategic Value 7.28 -0.01 -0.07%

CLM Cash Flow Statement

 
Featured here, the Cash Flow Statement for Cornerstone Strategic Value Fund Inc, showing the changes in the company's cash and cash equivalents, broken down to operating, investing and financing activities over each of the last 4 periods (either quarterly or annually).
AnnualQuarterly
InvestingPro Advanced Cash Flow Statement
Collapse All
Period Ending: 2023
31/12
 2023
30/09
 2023
30/06
 2023
31/03
Period Length: 0 Months 0 Months 0 Months 0 Months
Net Income/Starting Line - - - -
Cash From Operating Activities - - - -
Depreciation/Depletion - - - -
Amortization - - - -
Deferred Taxes - - - -
Non-Cash Items - - - -
Cash Receipts - - - -
Cash Payments - - - -
Cash Taxes Paid - - - -
Cash Interest Paid - - - -
Changes in Working Capital - - - -
Cash From Investing Activities - - - -
Capital Expenditures - - - -
Other Investing Cash Flow Items, Total - - - -
Cash From Financing Activities - - - -
Financing Cash Flow Items - - - -
Total Cash Dividends Paid - - - -
Issuance (Retirement) of Stock, Net - - - -
Issuance (Retirement) of Debt, Net - - - -
Foreign Exchange Effects - - - -
Net Change in Cash - - - -
Beginning Cash Balance - - - -
Ending Cash Balance - - - -
Free Cash Flow - - - -
Free Cash Flow Growth - - - -
Free Cash Flow Yield - - - -
* In Millions of USD (except for per share items)
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View advanced insights on the cash flow statement, including growth rates and metrics that provide an in-depth view of the company's historical and forecasted financial performance.

 
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Virtual Diablo
Virtual Diablo Apr 16, 2024 10:54AM ET
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I lost a lot of money on CLM a few years ago when they stopped trading during covid. Now they're back? Obviously I'm not a stock expert, but it confuses me how everyone with CLM lost all of their money, and now they are back trading like nothing happened.
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Otis Grant
Otis Grant Feb 12, 2024 8:31AM ET
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If this is levered to the SPX then how is it that this hasn't gone anywhere in 900 points?
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Allan Merkle
ctd92 Feb 12, 2024 8:31AM ET
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Every month the price of both the NAV and CLM drop by the price of the dividend currently.1086. Every month the prices needs to overcome the dividend payout. If there was no dividend, the chart would look more the the s&p looks
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Otis Grant
Otis Grant Feb 12, 2024 8:31AM ET
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Oh ok good point. Still seems like it should have went up though. I mean I assume if the SPX drops 800 points this will go way down?
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Allan Merkle
ctd92 Feb 12, 2024 8:31AM ET
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I agree that it is under performing and if the S&P crashes, CLM will too along with everything else. It's my opinion that this fund is for people who are retired. If you have 100,000 shares of CLM worth $720,000 today, you will receive $11,447 in a month's dividend. That is 1,547 new shares. If you sell half to pay bills and reinvest the other shares, then your monthly payout will increase month over month. If you bought $720,000 worth of SPY, the S&P fund, that would be 1,410 shares at todays price. If you had to sell 10 shares of SPY to pay bills every month, you would run out of shares in 10 years or so depending on the price of SPY. In hindsight, I would have been better off buying a dip in SPY until retirement age, then transferring it to CLM. FYI there is way more information on CLM on the seeking alpha website. The articles are not very good but lots of good comments.
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Otis Grant
Otis Grant Feb 12, 2024 8:31AM ET
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Thanks I am on SA too Ive read a lot of them. Good point about the divi though that is a lot of money per month if thats accurate for less than 1 million invested. I could easily live off 11000 per month. You sure its not per quarter?
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Allan Merkle
ctd92 Feb 12, 2024 8:31AM ET
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It's a monthly dividend. I have received the dividend every month since June of 2022. My shares are reinvested at the NAV price of 6.99, but that price changes every month. I received $2695 last month, that money was reinvested at 6.99 in the form of 385 new shares. I could sell those shares today at the 7.43 CLM price. As the premium increases, the payout gets bigger. The premium is currently around 5%. Lots of times, it 20 or 30%. You have to set up the reinvestment at NAV feature up with your broker unless you have Fidelity. With Fidelity, you can just click the reinvestment button.
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Charles Resheske
Charles Resheske Nov 25, 2023 12:50PM ET
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buy and hold
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Brian Davis
Brian Davis Jun 12, 2023 8:47AM ET
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Sell all shares when rights offering occurs, buy when over.
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Kern Bells
Kern Bells Jun 12, 2023 8:47AM ET
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How do you know when that is in advance?
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Martmi29
Martmi29 Apr 30, 2023 8:24PM ET
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CLM likes to reverse split followed by share dilution. Anyone explain how to make money from this if you just buy and hold? Sure you can make money by trading it, but how would a buy and hold strategy make money rather than lose money if you hold long enough?
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Brian Davis
Brian Davis Apr 30, 2023 8:24PM ET
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Corp DRIP happens at NAV. 20% gain every month. Sell everything when share sale is announced, then rebuy after sale is over.
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Charles Resheske
Charles Resheske Dec 11, 2022 2:13PM ET
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dollar cost average is key
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jason xx
jason xx Dec 11, 2022 2:13PM ET
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You should be doing that automatically by dripping
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Martmi29
Martmi29 Dec 11, 2022 2:13PM ET
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Not if they do reverse split without adjusting the dividend to make up for it.
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Allan Merkle
ctd92 Dec 09, 2022 11:46AM ET
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If you have shares of CLM, and reinvest the dividend, be sure your broker is buying the reinvested shares at the NAV price. The current NAV price is 7.15. The stock price is 8.47. Reinvesting at NAV price is the only way this stock makes sense to own.
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Luther Jones
Luther Jones Sep 04, 2022 7:38PM ET
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Keep in mind the difference between growth stock and dividend goals. Price drop over time may be negligible as long as dividend pay out remains constant.
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Jose Garcia
Jose Garcia Sep 04, 2022 7:38PM ET
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Good point
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Jose Garcia
Jose Garcia Sep 04, 2022 7:38PM ET
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Good point
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Jose Garcia
Jose Garcia Sep 04, 2022 7:38PM ET
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Good point.
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Martmi29
Martmi29 Sep 04, 2022 7:38PM ET
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I see that CLM does reverse split when the price gets too low. If you have 1000 shares and collect let's say $0.10 per share and they do a reverse split 1:4 that means your 1000 shares become 250 shares and if you still collect 10 cents or similar you end up losing over time.
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Val VH
Val VH Jun 19, 2022 4:59PM ET
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the price drop just doesn't justifies the dividends . You will lose more money on the prise than you will ever make on the dividends.
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Michael Gordon
Michael Gordon Jun 19, 2022 4:59PM ET
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Not if you sell this for more than you purchased it for. My average buy price is 9.00 its around 9.28..if it goes below 9 on ex date and it doesnt look like it will recover then it may be time to cut your losses but if its at 8.65-8.70 I would stay in and hopefully a future rebound and the monthy distribution payout will exceed losses of initial investment The rights offering in March or April..gotta find that out..is when this thing tanks...that would be the time to buy CLM back cheaper with more monthly distributions..rinse and repeat..
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Apr 25, 2022 9:51PM ET
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sorry guys, duplicate massage as below
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