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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: rllee who wrote (41006)	1/10/2011 4:01:04 PM
From: E_K_S	Respond to of 78595

Hi rlee - Your best price will be when it goes ex-dividend. If MHRpC holds at $25.10/share, you may see $24.88/share tomorrow AM. If you buy anything in the low $25.80's, this preferred will be back to $25.00/share in a few days. Wait 30 days and you get a dividend too. EKS

To: rllee who wrote (41006)	1/12/2011 1:25:35 PM
From: E_K_S	Respond to of 78595

Hi rllee - It looks like their initial round of $100 Million is now funded. Their credit facility authorization can go up to $200 million which this preferred is a part of. Magnum Hunter Announces Final Funding of $100 Million in Series C Perpetual Preferred Stock finance.yahoo.com I suspect that the sellers at $25.00/share may dry up unless any of the syndicators have inventory they plan to sell and/or MHR plans another round of sales of this issue. The best price today was $24.95/share vs $24.82/share last month on exdividend day. It looks like any dividend capture play premium has shrunk. I still believe its a good place to park money. EKS