Sometimes the market makes sense, we know 60 cents will be paid in early 2011 and probably 75 cents in early 2012, the the price jumps to $7.30 - 7.35. That figures, in terms of a time value of money discount to the eventual distributions. But, for those still sitting on money that might be allocated here for long-term cash flow purposes, regardless of the price bump, it's still an effective buy.
For those traders, or warrant holders, this is probably a good selling point, I can't see it going up too much from here. Probably it will find a new level and drift for quite awhile. The next change in the distribution is probably a good 6-9 months out there.
I was in at the crash too, but I also had to sit on some shares I bought in late 2008 before they pulled out the rug on the distribution. As the recap became more clear I continued to add, and sold right after the recap, waited a bit and bought more through the rights, which turned out (probably by luck) to be the most efficient move. Anyway, it's now my second largest holding, probably I'll hold it to the grave, barring some future problem.