started buying it in the two's. I was delighted to learn Thomas Lee Partners was following "the smart money" ... mine
Interesting, interview with Scott Sperling, Co-President of Thomas H. Lee Partners. This is the company that bought 55% of MoneyGram.
http://video.cnbc.com/gallery/?video=3000026228
They're a top notch investment company. Take a look at their portfolio if you haven't seen it.
Goldman's conversion of preferred stock to common was probably a requirement for Thomas H. Lee Partners before acquiring a majority shareholder interest. However, Goldman's conversion of preferred stock to common was also the greatest testimonial MGI could receive. That being Goldman believes they'll make more money with the common than the guaranteed preferred dividend. That's also why I bought more.
I see this holding over $4 after the next 10Q. Beyond that, with further debt reduction and increasing revenue trends, the share price is only going in one direction, up!
Recent MGI News
- Madison Dearborn Partners Completes Acquisition of MoneyGram • PR Newswire (US) • 06/01/2023 12:05:00 PM
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM