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Jonathan Boyar - Intrinsic Value Opportunities

The Business Brew

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Is This the Epitome of This Is Not an Efficient Market?

When the preferred came out, when he did the divien, i think it was the fall of last year. In a zero rate world, i'll take eight or nine %. When it came out, and it was 97 dollars, an my goney. Got a pretty good bargain. Then it went to 95, 94, 92, 89, 87. And it's really, this is the epitome of this is not an efficient market.

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