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.

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