Replies to post #113 on Scottish Re Group Ltd Perp Pfd (SKRUF)

[h_man_investor]

I'm out. But my cost basis is much lower. Move on and find the next one.

Most that are reluctant to sell are probably holders at higher levels. But I guarantee that all would have sold if I called them up when the stock was a $6.5 3 weeks ago and said "would you sell your shares for $16?"

As I've said before, the shares are worth more sometime in the future. The timing is poor. But when will they be worth more?

MM and Cerberus can drag this out for at least 3-4 more years.