Why Isn't Maguire Properties Buying Back Its Preferred Shares? - trackseekingalpha

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Why Isn't Maguire Properties Buying Back Its Preferred Shares?
Jan 09, 2009 10:17 AM UTC

trackseekingalpha

Return	Risk
-13.40%	HIGH

Tracked Blogger

Profile & Performance

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Symbol	Sentiment	Start	Return	Closed
MPG	n/a

Via Short Stock Ideas from Seeking Alpha:

MAGUIRE

Maguire (MPG) is an office REIT that operates in southern California. Its shares have struggled dropping about 90% in the last 52 weeks. At the end of 2008 indiscriminate selling created an interesting opportunity in the Maguire series A preferred stock (MPG.PA). The A up until 4^th quarter 2008 paid a .47 cent a quarter dividend.

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