If you bought Friday you will definitely see a profit in the near future
However, if you own this above $15 it could prove difficult to regain that level for a while depending on distributions. I bought heavily at $12.50 because the 3 and 14 day rsi's on this are at levels you rarely ever see EXCEPT FROM SEVERE LIQUIDATION PRESSURE such as we saw in 2008/09 when levered funds were force liquidating their positions. There is really nothing wrong with this trust especially at these prices, but it's going to take some time to rebuild. I will say that the seller that created this meltdown should be horsewhipped and anyone hurt should write the trust and express outrage. I feel for the holders blindsided by this, this is truly outrageous.
It is effectively the same people. You will let them know how investors think and perhaps it will prevent this kind of thing in the future. It has worked out for me since IA bought near the lows of Friday but to unload in this onto the market in a single day at the end of the quarter, after the dividend was totally stupid.
Indeed almost the same press release. Either the assets are not worth what the trust paid for. I have 200 share a erage 12,75.
Book value of royt is only 6$, while NDRO bookvalue is 18. But ROYT has more profit per share.
13.5 mm shares sold by PCEP to pay down debt. It will take some time for all these shares to be absorbed by market. As the cost of capital rises companies will continue to monetize equity positions to pay down debt. As insiders such as private equity guys sell large positions in co they own these shares will depress stock price in near term. Good buying opportunities are often created by these secondary stock offering.