MPW is a large position in my portfolio. The 50% cut has a regulatory background and not a financial one. The share is currently 37 percent shorted. Of course, the stock is not for the faint-hearted - as André Kostolany would say!
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@FantomMuc yes, that's what I wrote 😉 but with regard to the shorts, it's even more trouble than 37% would suggest - 80% are in investment hands, they don't necessarily sell for short-term price gains. E.g. when the shorts urgently want to get out.
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@FantomMuc As I understand it, this is simply a new financial covenant that was negotiated in the trade off against the extended flexibility of the others. As far as I understand it, this has little to do with regulatory requirements.
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