letitfly
Posts: 44 Joined: Fri May 07, 2010 3:53 pm
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by letitfly » Wed Mar 13, 2019 4:21 pm
Dan
If my memory is correct, last year you took MINDP off of your buy list as you were uncomfortable with the parent. I see that it is now back on the Yield List. Financials have improved to the point where you are now comfortable again for investment?
letitfly
Posts: 44 Joined: Fri May 07, 2010 3:53 pm
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by letitfly » Wed Mar 13, 2019 4:23 pm
sorry, I did not mean to put it in the Houston forum
dan_s
Posts: 37277 Joined: Fri Apr 23, 2010 8:22 am
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by dan_s » Wed Mar 13, 2019 5:12 pm
Take a hard look at MIND's balance sheet. As long as Current Assets exceed Total Liabilities the preferred stock (MINDP) should be fine.
Dan Steffens
Energy Prospectus Group
letitfly
Posts: 44 Joined: Fri May 07, 2010 3:53 pm
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by letitfly » Thu Mar 14, 2019 4:52 pm
ok, thank you, but then what was it that caused you to pull back on your recommendation last year, ant the subsequent improvement?
dan_s
Posts: 37277 Joined: Fri Apr 23, 2010 8:22 am
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by dan_s » Thu Mar 14, 2019 7:25 pm
I don't recommend MIND, but the pfd stock should be OK.
Dan Steffens
Energy Prospectus Group