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Re: T-Master post# 64

Wednesday, 06/15/2011 10:28:20 AM

Wednesday, June 15, 2011 10:28:20 AM

Post# of 905
I'm an MGI fan, and have been telling my friends about it since I
started buying it in the two's. I was delighted to learn Thomas Lee Partners was following "the smart money" ... mine smile

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!
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