I think the large drop pretty much priced in the existing legal issues. What would hurt it would be new legal issues. The forthcoming march announcements are based on a case that was already lost. Nonetheless it is by far the cheapest royalty trust, and it is a perpetual. I think its the cheapest way to get long term exposure to nat gas.
The market is a reflection of the stockholders. Look in the mirror. I would hate to be short here or have sold to buy back cheaper when the legal issues come back. You would need perfect luck and timing.
"The market is a reflection of the stockholders"...really?
Are you including stockholders Stephen A Cohen, Steven Feinberg, Raj Rataratnam, Raj Gupta, Robert Ramnarine, Samuel Waksal, Bernie Madoff, Carl Shapiro, Jeffrey Picower, Marc Rich, Russell Wasendorf, ....could go on and on...not to mention Goldman Sachs, JP Morgan et al