MLS: down but not out
Back when MLS was around 51.00 I wrote that I was considering selling. I didn’t, and now MLS has fallen on hard times.
Recently some good news pushed the stock over 31.00/share so you can see I’ve endured quite a beating. The good news is that Farallon (a hedge fund) has bought a 5.6% stake in MLS. Of course that was after lots of bad news (including an SEC investigation) cause the stock price to tumble.