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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

MFS Charter Income Trust
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Comment by nkbourbakion Dec 02, 2014 8:05pm
103 Views
Post# 23188244

RE:RE:RE:RE:RE:RE:RE:RE:Full year earnings will be $0.21 per share. $0.49 next year.

RE:RE:RE:RE:RE:RE:RE:RE:Full year earnings will be $0.21 per share. $0.49 next year.
Adonis1411 wrote:
A share buy back for a small cap, illiquid stock is typically a terrible idea. Why take even more liquidity (which doesn't exist in MCR) out of the market? If they want to see multiple expansion in their valuation, they need to increase the float to attract institutions, not take it away. Plus, they're trading 36,000 shares a day on average. The exchange limits the amount of buyback that can be done on a daily basis to a percentage of the float. MCR buying back 9,000 shares a day and creating a daily market for $18,000 worth of shares is not going to move the needle. They'd be better off to sit on the cash in the event of a downturn and be ready to strike on acquisition opportunities when lesser capitalized companies hit the skids.


Agreed 100%.  A few insider purchases would likely do more for the share price than a trickle of buybacks.

The key is to keep the cash and not do something dumb with it!
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