This is another tls at $2.60.No one wanted it at 12% yield FF. I am long lei and have bought when i thought they were cheap at $25 and continued buying at $16-$17. It is the yield i am after and expect it to continue paying higher divs going forward,so i am happy to hold.The Spanish want income as well and will use it to slowly get lei imo. They have heaps of work on and have turned this ship around. Don't know if they will ever get $60 again but just give me the increasing divs.
LEI Price at posting:
$20.72 Sentiment: Buy Disclosure: Held