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Strategies & Market Trends : Value Investing
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To: Jurgis Bekepuris who wrote (52984)12/19/2013 12:17:52 PM
From: MCsweet  Read Replies (1) of 78958
 
MHNC,

I am entering the realm of speculation, but I am buying more MHNC below $21 for a spec trade. This yields 50 basis points more than the 3 other sisters issues (MHNA, MHNB, MH-PA), and I think that it must be recent IPO holders taking tax losses. For the yield to be in-line with the other bonds/preferreds, MHNC should trade around $22.

I would be a little cheerier about this if MHLD didn't keep dropping. I have shorted a bit of the stock as a hedge.

MC
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