Buy @ $1.33. Yield @ 4.459%. Throw in more good money after bad money. Let’s see how’s their performance fee for this Q, am expecting a large deficit 😀
Buy @ $1.48. Yield @ 4.059%, must be crazy to buy at such low yield! But, asset size is small and they can easily bring the yield up to 5%+ if they were to do an acquisition of the same asset size. Also, many fund mgrs buying at $1.5x, so I expect to be able to sell easily at aro’ $1.52 😀
