Post by
Sukhi19 on May 31, 2018 3:08pm
Turn Around Story.....
For last one year this trust has got messed for various reasons. Main being the massive manipulation by a group of people or brokerages through #79 and #1. Solar, legal expenses and weather compounded the problem. Bought deal participants look like fools to be buying at $8.43 and $9.80. Anyways they made money in their fees. Their unsuspecting clients have to bear the burden of almost $30 million in losses. With Stop Losses kicking in now and then and panic selling also contributed to the downfall.
The unit price is likely to stagnate or slip further for next couple of quarters. They have the right idea i.e. getting rid of the solar business and going for higher margin customers. Their Q1 results were not bad despite the severe winter in certain parts. They are managing their affairs better than JE.
Insider buying gave some hope about managements involvement. hey had also bought over $8.40 a few years ago.
Monstrous yield may be a danger signal for some investors. Though it has happened before in 2014.
Business has grown in size eand there is no immediate tthreat to the investment.
Management is agile and capable of turning this thing around.
Time will tell.
Comment by
Pandora on Jun 04, 2018 5:01pm
Wind power -- I would call it a dose of reality and I'm sure our environmentalists would call it all untrue. It is a lengthy but interesting read: https://principia-scientific.org/a-problem-with-wind-power/
Comment by
Pandora on Jun 05, 2018 8:46pm
120 reads vs 60 reads -- is that an indication of where the interest is? Just asking.
Comment by
StocknerdEQcool on Jun 06, 2018 1:01pm
There is a very high probability that this trust may have to cut its distributions in the next quarter if cash flow continues to fall.
Comment by
Sukhi19 on Jun 06, 2018 2:21pm
Distr has been approved at present level by the board for this year. Enjoy the 11%(almost) return. It will recover.
Comment by
Sukhi19 on Jun 06, 2018 11:38pm
Thanks, deisman. I will still be watching as my reduced holdings are also heavy. I am dreading another bought deal at a lower unit price. They have been doing it for last threee years.
Comment by
StocknerdEQcool on Jun 07, 2018 12:38pm
You'll soon turn to be one of those day traders. Keep up with the good work, and let us know how you're making out.