Now I am confused. The net income from the underlying properties table does not agree with net distributable cash. Difference is about $7mm. About $.60 per share difference.
Still the run up in price of oil is about 37% over 2010 average. $4.07 -.60 = 3.47 * 1.37 = $4.75. Now haircut for run up occurring for 1 month not all three and I think you probably can get a number higher than $.75.
Is JDuane around? Know what the $.60 is all about?
It's been a long day between work and school, I just finished a final a little over an hour ago. I'm skimming through the 10-K and am not sure what page the table you're referring to is on.
Admittedly, I only took about an hour to read the report so I may have skimmed some sections, but everything looked on the level to me. Like I said though, it's been a long day and my head may be a bit foggy.
Hey, James - you've done me some favors with your research and I really appreciate your honesty in reporting. I participated in MSB and a couple other stocks you've commented on. I just barely own MVO - I like the story, but can't understand the lack of insider buying. In greed I trust.
Something you might like to look at is NRT. Read the 10-Q. And go the news history - this puppy is pretty obscure. Then look at the insider buying. You could take your time getting a position - as long as you don't write anything on Seeking Alpha for a while. You deserve a break today - for the meticulous writing and research