I upped my MAA stake for $61.39. The company is selling off here, but I don’t quite understand why. It’s not even worth reflecting on the earnings – they were in line expectations (on the high end). The company’s books don’t even get interesting until the end of next quarter, when the CLP merger gets reflected.
My position was rolled over from CLP at a nice premium. But I’m sticking around – I like the new combined company and want to see where this goes.
In other news, BAS is up over 7% this morning, reversing from mid correction on nothing but the breeze. HCLP is doing well also, up 2%. It looks like the energy sector correction may be about over.
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BAS now up over 10%, insofar as I can tell on no news