who cares about the daily gyrations of the share price, obviously, their are a lot of speculators who just don't get it. MTR is doing just fine if you are an investor. if you want to chase a star, try GLD -
I know, the daily goings on are pretty inconsequential in the long run. For those of us who bought this thing before the bottom fell out of the nat. gas market last year, however, it can hurt to think how many dividends will have to be collected just to break even. Furthermore, I don't see why the trust can't gradually garnish royalties to pay off the settlement. That really fucked us over last year.
Anyway, all bitching aside, I agree w/ you that at these levels, GLD is a great play.
Last September the dividend for MTR dropped substantially to pay for a court settlement. This drop lasted for only three months as the settlement was partially paid off. Apparently, some investors did not realize that the drop was temporary and the shares became oversold. For those investors aware of the circumstances, this depressed share price represented an opportunity. At the conclusion of the three month period, a delayed payment from BP for the Colorado portion of the San Juan royalties made up for a substantial part of the missing dividends. The temporary dividend reduction scheduled for this coming September (07) may provide astute investors with yet another opportunity. But the reduction may not last quite three months this time as the settlement amount is somewhat smaller.