RMM: With Modest Returns And High Expenses, I'll Continue To Pass

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  Posted by Two Blokes Jun 10 - Filed in Stock - 9 views
  
  I maintain a 'hold' rating on RMM, despite its attractive 8% yield and notable discount to NAV, due to lingering concerns from past reviews. Municipal bonds remain a core allocation for me, offering superior after-tax yields versus similarly rated corporates, especially as tax rates rise. RMM's current discount to NAV is appealing, but it's consistent with its historical range, so I don't see it as a standout bargain.