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We were also unhappy with the suggestion that the board were the ones to determine what was «in the best interest of [INFS] and its shareholders» and how much of a
premium was «fair» given the
level at which the stock languished (when we
wrote that, the stock «languished» at $ 0.78, more than 100 % higher than the
level at which it languishes today).
The
premium paid on CMBS rated BBB -, the lowest investment - grade
level before junk, has tumbled 105 basis points over the last month, more than 10 times the spread compression of investment - grade corporate bonds, Edward Reardon and Simon Mui
wrote in a note dated Aug. 2.