MINDP

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letitfly
Posts: 44
Joined: Fri May 07, 2010 3:53 pm

MINDP

Post by letitfly »

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

Re: MINDP

Post by letitfly »

sorry, I did not mean to put it in the Houston forum
dan_s
Posts: 37277
Joined: Fri Apr 23, 2010 8:22 am

Re: MINDP

Post by dan_s »

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

Re: MINDP

Post by letitfly »

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

Re: MINDP

Post by dan_s »

I don't recommend MIND, but the pfd stock should be OK.
Dan Steffens
Energy Prospectus Group
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