late Friday afternoon when I bought MPG at 2.72. (And it's all in good fun!)
Palmoni said..."everyone" knows what you are talking about in regard to MPG's preferred--except for the people that buy the stock. I know that on many occasions you come up with these cogent arguments, but for the most part, they won't make you money. The play on MPG is the equity value of the properties they own, and what that will be worth will be in 2012. The stock is a trading vehicle--I picked it up at 2.72 this morning.
So let's see who makes money--you shorting it at 2.72--or how about taking the price right now at 2.90? Short it here, and let's see who is left standing