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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 9:28pm
111 Views
Post# 23188474

RE: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:RE:Full year earnings will be $0.21 per share. $0.49 next year.I should clarify.  My agreement was only to not doing buybacks -- I definitely don't think they should be issuing more equity or looking to increase the float.

Yes, of course, *IF* Macro returns to better numbers (which can only happen if the O&G outlook improves) then buybacks at these levels are fantastic.  But there is no guarantee. Frankly I think it is quite likely 2015 will be a struggle.  Having a very strong balance sheet may become imperative in the near future.  Leveraging the company by buying back stock is far from risk-free.
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