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Soledancer

Soledancer
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  • Aspen Holdings Preferred Shares Look Particularly Attractive [View article]
    What to you make of Aspen's 3.31.09 announcement to sell more (1.22m to be exact) of its common shares to raise funds for repurchasing 1/3 or 2.6 million shares of the 7.4% Pref'ds? It seems that the company's offer price for the pref'ds is $12.50 which is around what it is trading for?? It is a little bizarre to try to think who might want to sell with such a yield and if the company is going strong as if you have pointed out? Any insight??
    Apr 11, 2009. 02:11 AM | Likes Like |Link to Comment
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