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CHS, Inc. Message Board

  • grandfatherlures grandfatherlures Sep 19, 2013 11:06 PM Flag

    Sell and get out of CHSCP stock tomorrow morning

    Love the company but they can do a better deal for the CHSCP stockholders. If you bought at a low price you might just hold on to the shares right now. Chscp will be going down to $27.00 per share soon, unless the new issue stock can go up fast and meet CHSCP price somewhere in the middle.

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    • torvaldo Sep 19, 2013 11:26 PM Flag

      I think this would be a buying opportunity. The stock already adjusted big time today setting the target for the new issue. If the b prices at 97% of the CHSCP yield - say 7.75%, then the new "market" for the b issue is about a two or three percent less than where the original preferred has been trading, (discounting for 6%), that is right where the CHSCP closed today. This should, like you predict, drive the new issue up to the trading values of the original issue. If I can't add with the new shares then my strategy is to buy the breaks.

      Sentiment: Strong Buy

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