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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Comment by Muncheron May 06, 2014 1:44pm

262 Views

Post# 22529942

RE:RE:RE:RE:Just checked the Level 2. Interesting at the 6.45 level

I purchased this stock because it was cheap on fundamentals and generating a large amount of cash. Its a rare occurrence to find a growing company generate 35m in free cash from operations and only be trading for 190m marketcap. That puts it at 5x operating cash flow. This compares to enbridge who trades at 13.5x operating cash flow. This company growth is faster so I see it having even better value. I am happy with my position and am not going to be trading it day to day. I am glad to see others are picking it up as well. I expect this stock will have to start paying a dividend soon as they will have excess cash.

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