I mentioned this morning that I added to a current position in Hennessy Advisors 4.875% baby bonds (HNNAZ) which have a maturity in 2026. I had mentioned last week that shares had fallen 50 cents so I then entered a GTC order–thinking it might well NOT execute.
My good til cancelled order executed yesterday at $23.35. I consider this an addition to my ‘safe’ bucket–in particular with maturity in 2026. At this price my yield to maturity is pretty close to my 8% target.
I will add this to my laundry list of holdings.
Users who liked this:
added GECCI at $24.70 and SAJ at $24.85
The best of purchases, price action headed straight up after purchase!!!!