RE: where now ?Think the repair of the screw up in implementing their enterprise reporting system and a return to more normal winter conditions for their heating oil business is going to help more. The business is quite heavily focused on heating and commercial sales, and not so much on "Summer driving". I think this thing will be back to $13 in no time. I still cant believe that I was able to by a bunch more for 10.24 on Friday. Geez, What a bargain!. 12.31% dividend yield!
The conversion to a corporation will help too as it improves the marketability of the stock, since foreign buyers don't understand "Income Trusts" Just look at the chart for ALA, who converted on July 1, if you don't believe me. I think that buying great income trusts like PKI before conversion and holding them for a month or two afterwards , is going to prove to be the trade of the year.