MFS Charter Income Trust V.MCR

Primary Symbol: MCR

MFS Charter Income Trust (Fund) is a diversified closed-end management investment company. The Fund’s investment objective is to seek high current income, but also considers capital appreciation. The Fund primarily invests in debt instruments. The Fund also invests in corporate bonds of the United States and/or foreign issuers, United States government securities, foreign government securities, mortgage-backed securities and other securitized instruments of United States and/or foreign issuers, and/or debt instruments of issuers located in emerging market countries. It invests in a range of fixed income sectors, such as high yield corporates, emerging markets bonds, investment grade corporates, Non- United States government bonds, commercial mortgage-backed securities, mortgage-backed securities, collateralized debt obligations, municipal bonds, asset-backed securities and United States treasury securities. The Fund's investment advisor is Massachusetts Financial Services Company.

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MFS Charter Income Trust

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Post by commodity16on Oct 03, 2013 10:15pm

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Post# 21789946

thinking of taking a positon

I havent followed MCR very long but like the space they are in and am intrigued by this company. I am wondering if someone could tell me why though that this stock was only priced at $0.55 a yr ago? Right now the $6 valuation even seems fairly cheap looking at the financials, P/E, etc. I am just a little weary of buying into a company that has had such a parabolic run up over the last yr. Were we just that severly undervalued a yr ago or have dramatic changed happened to this company over the last 12months? Can anybody enlighten me on this at all?Thks.

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