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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.


NYSE:MCR - Post by User

Bullboard Posts
Comment by bob4977on Aug 14, 2014 11:06am
304 Views
Post# 22841482

RE:where's the support

RE:where's the support
I bought more yesterday. On a bad quarter with that huge loss they still made 7c per share. On a share price of $3.60 that is still less than 13x PE. I expect that the one loss is a one off and their profitability will increase to a more normal level. Even at 15c per Q that would be a PE of 6. They have made more than 15c per Q in the past indicating there is a lot of potential upside for this puppy. I am going to sit back and let others be fearful. Bob
Bullboard Posts