PNC 2.86% 51.0¢ pioneer credit limited

FOMO is something to be wary of... especially in investing. A...

  1. 3,599 Posts.
    lightbulb Created with Sketch. 479
    FOMO is something to be wary of... especially in investing. A year or two ago, that would have had you buying Xero...

    The real question here is, can the company continue to buy debt at a discount that will reap them these rewards? CCP have proven themselves in this area, but PNC are relatively new in the public realm. If you can protect yourself on the downside, then the upside takes care of itself.

    Fortunately, some of that downside is mitigated as the MD owns a fairly large portion of the company.

    (I don't hold, or know the company well enough)
 
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