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Strategies & Market Trends : Value Investing
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To: Jurgis Bekepuris who wrote (41443)2/23/2011 3:49:43 PM
From: CusterInvestor  Read Replies (1) of 78530
 
I think you had great timing on selling MHR-C.
I just read conf call transcripts--ceo Evans hinted he might issue more pref shares--what do you make of these quotes?

"We have been successful in our perpetual preferred stock offerings. We started the year with only about 4 or 5 million of that outstanding. We ended the year with 100 million. We sold that ourselves under our at-the-market program with another firm up in New York, and we'll be doing some other things in that regard, we hope, from now until the next few weeks."

and later on:

"We have absolutely zero plans to raise equity capital in 2011 at this point in time. Now, we have other plans to raise capital, but they're not in the common equity market."

I wonder if they might extend the C for another year and issue another 4million shares at 25? Wonder what effect that would have on premium?
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