I have again purchased MDT today for the folowing reasons:
1. Large seller possibly Citigroup looks to have stopped (sold $1.378m yesterday)
2. Highly likely MDT will receive a rollover on its loan due 1/9/2009. Macquarie aren't about to let a little over $100m debt rollover ruin their name.
3. Assuming debt is rolled MDT were trading higher than CER which is currently trading around 12.5 cents so they have some catching up to do.
4. A few months ago MDT traded up to 17 cents & now MDT is the last & cheapest Macquarie trust not to have a run. Refer MCW or MOF to see what can happen, when debt is bought under control.
Please do your own research on MDT, because it is not without risk.
Regards
Buffett
I have again purchased MDT today for the folowing reasons:1....
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