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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

Comment by Valueguy72on Feb 14, 2022 4:07pm
195 Views
Post# 34427667

RE:RE:RE:RE:RE:Steal for $4

RE:RE:RE:RE:RE:Steal for $4I should really be a lot happier about a 28% daily move in one of my biggest positions.  Unfortunately, this is an opportunistic move by management.  $3.82 in stated tangible book last qtr, add in .20 cents in earnings for the fourth qtr, equipment that was once independently valued at 50 mil above carrying value.  Property in Ft. St John depreciated down to 17mil.  With their recent announcements and project runway they could easily be cash flowing $1/share over the next couple of years.  I realize that this is a small cap company in a cyclical business that won't command a premium valuation, but $4 is a little crazy.  Not sure if we can expect another suitor, but hopefully the minority shareholders can turn this down and apply some pressure for a higher offer.        
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