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
- MoneyGram and Madison Dearborn Partners Announce Merger Transaction is Expected to Close on or before June 1, 2023 • PR Newswire (US) • 05/04/2023 04:36:00 PM
- MoneyGram Launches MoneyGram Online "MGO" in Chile • PR Newswire (US) • 04/27/2023 01:31:00 PM
- MoneyGram Announces Seth Ross as Chief Digital Officer • PR Newswire (US) • 04/24/2023 01:30:00 PM
- Carrefour and MoneyGram Join Forces to Broaden Financial Service Offerings to Carrefour Customers • PR Newswire (US) • 04/14/2023 12:30:00 PM
- MoneyGram Recognized as One of America's Most Trustworthy Companies by Newsweek • PR Newswire (US) • 04/07/2023 01:27:00 PM
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