Given the movement of GNSPA price to the tune of 10% north (from $55 to over $60 a present).. whats everyones thoughts?
My thoughts are (summary of my prior posts)
* distributions will be maintained
* redeemed within the next 12-18months (as per management's comments)
* Fair value approx. $75 (RY of 12.6% is a fair value for the risk of this hybrid IMO)
* GNS will be in a strong position by the end of year - pick over the bones of the fallen GTP/TIM/FEA
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