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


To: rllee who wrote (53104)1/3/2014 2:39:47 PM
From: MCsweet  Respond to of 78964
 
MHNC,

At a price of 22.07, I have 8.78% current yield and 8.94% yield to maturity. Extremely attractive for a BBB- senior note (assuming you believe the rating), but I'm not that comfortable with the insurance industry to view this as a long-term "safe" investment.

I think it has room to appreciate another dollar or two, but I am taking some chips off the table right now.

MC