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 > Paying $2.40 for $3.70 seems like a no brainer

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Comment by undervalueon Aug 25, 2020 9:40am

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RE:RE:RE:RE:Paying $2.40 for $3.70 seems like a no brainer

My son has some at 10 cents, bought during tax loss season in the prior crash. He got out over 7. He is back in.
The point of time is well taken. I read a Munger interview years back. He simply believes it is the roc experienced over the hold period by the company that determines the investment return of the individual.
Time is a critical factor. In years where Mcr is generating high returns, the value will accumulate in the equity line.
When the market or another company pays for the equity is the unknown.

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