Manages the Calamos Strategic Total Return Fund (CSQ), a closed-end balanced mutual fund. Invests in a diversified portfolio of US public equity and fixed income markets. Now — the numbers.
This is an established company with proven profits.
An average decline of 24% a year over the last 4 years — the most striking risk in this picture. Red columns mark years that ended in a loss.
The market pays 4.6× for every dollar of annual profit — cheap, which is either an opportunity or a warning.
No analyst target is on record for this company.
The stock trades near its peak today. For long-term holders the ride has paid off so far — though past performance guarantees nothing about the future.
Over the last 12 months, company executives reported 2 buys and 1 sell. Management buying with its own money is usually read as a good sign.
It pays out $1.42 per share each year — regular cash for whoever holds the stock.
Over the last 4 years, sales fell about 24% a year on average. Profit is holding up, but a shrinking business is a risk worth watching.
The price action doesn’t yet back an upward turn.
We grade companies — revenue, margins, balance sheets. This is a fund, so there is no report card to give. That is not a low grade; it is a different kind of thing.
One-line summary: a basket, not a business. Judge it by what it holds.