Almost there
Still no earnings or dividend news from MCGC, but my Feb 08 call @12.50 is only 0.05 away from being a profitable trade. The recent runup in the stock price last week and today help propel the option from being almost worthless to ATM. I was expecting some news about the Q1 dividend on Friday or today, but did not hear anything. Earnings may come this week as well, but again, nothing made public as to when that will be announced. All I know so far is that investors are seeing this BDC as being undervalued and are buying in for the high yield.

Comments
Follow commentsbigdog posted January 28, 2008 (12:46PM)
K-Man - I wanted to also point everyone to the Trade Note you wrote after making this trade:
http://community.tradeking.com/members/k-man/trade_notes/3833-bought-to-open-1-qml-bv-at-0-20
Be Good,
Don Montanaro
TradeKing CEO
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