Thoughts on Magellan Options (MFGO)
MM has been positive for a while on MFG and hopefully a turnaround may occur shortly based on your value assessment which I trust. My question is around the options which have been steadily decreasing in value for almost a year. Surely for the patient investor, these options will represent a low cost way to gain exposure to MFG especially considering the 2027 expiry date. Does MM ever consider options as part of your investment strategy or is that too risky?