Compass Diversified Holdings (CODI) has 3 issues outstanding which I have been buying and selling on a short term trade basis. They are on my watch list.
The CODI-C 7.875% issue has dropped back nicely in the last week–from a high around $26.70 to around $25.57-now bouncing a bit higher-it went ex dividend for 49 cents and just kept right on dropping
This issue should once again trade up to the mid $26.50 area in the next 10 weeks–about 3-4% higher that the current price. At the right price I am a buyer (maybe somewhere below 25.70).
Note–for those that are K-1 sensitive this is a MLP with K-1 issuance.