Thursday, September 07, 2017 10:44:19 PM
The yield would be 23%, way too high for the market to bear. That tell us units would need to climb to $31 to bring the yield and valuation into more normal balance. We're now talking about 8.5% for a yield.
Even 45¢ works out to a yield of greater than 16% so upward driving of the unit value is sure to occur, next month for certain. Bringing things into balance I find a valuation of about $22/unit would hand us a yield of around 8.25%.
If units drop back to $10 I will probably add. I now hold 23,315 units with a cost basis just above $8.
As things move higher I'll shift into high as we sort things out together to maximize opportunities.
Happy hunting!
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