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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: Mrg5a   😊 😞
Number: of 21943 
Subject: OT: CET Central Securities Corp. (CEF)
Date: 02/06/24 12:42 PM
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Does anyone follow CET? Closed end fun trading a 20% discount to NAV. A solid portfolio of quality stocks plus a 20%+ holding in Plymouth Rock Insurance.

From what i can find, they mark the privately held insurance holding at a large discount (due to illiquidity). From what I see, the company is valued at 16,000 (2023) while CET owns 28,424 shares valued at 258,658,400 = 9,100 (Dec, 2022) from the financial reporting of Plymouth, they are growing book quite well and are located in northeast USA (limited hurricanes or forest fire risk)

The fund has a ok expense ratio 0.5% and i am not sure there is a catalyst for the discount to narrow. However, it seems like a decent opportunity in this pricey market.

Thoughts?

plymouthrock.com - Financial information

centralsecurities.com - Wp content

https://www.cefconnect.com/fund/CET

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This community has written 21,448 posts about Berkshire Hathaway. The article-length ones it recommended most:
BRK: Why Not XOM? · 62 recs · 2024
Second quarter comments · 60 recs · 2023
Berkshire's Profit Contributors · 57 recs · 2023
Summary of 2Q 2026 · 54 recs · 2026
3Q Summary · 53 recs · 2024
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