Norm's announced long position was in leaps at a 20 strike price with a strike date still in the future.
Norm, the price on this thing is going to be tremendously influenced by the increase in dividend announced in June. King made it clear that restoring the dividend was his long term goal which will certainly take years.
I am interested in what you see going forward on this. Their pattern is one increase per year which can make for some pops.