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Crosstex Energy, AŞ Message Board

  • twalter33410 twalter33410 Aug 31, 2005 2:43 PM Flag


    If the stock rises, short sellers are often forced to cover their positions by buying back the borrowed shares they've sold. Such a "short squeeze" sometimes pushes the stock even higher. To find a few short-squeeze candidates, we looked for a 30% or greater rise in short interest (the amount of shares sold short but not yet repurchased) in the past month, as well as short interest greater than 2% of float.

    We also limited ourselves to stocks trading within 15% of their 52-week highs and those that have gained more than the S&P 500 over the past year. We took only companies with estimated three- to five-year (annualized) earnings growth of 10% or better.

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    • Interesting article. One can understand how the recent run coupled with the disbursement by Yorktown would create some temporary weakness, but long term, these guys have projected dividend growth to $3.00/share, from the current $1.72/share, the company is debt free, has gobs of cash, and XTEX is finishing 1 major expansion project(the Barnett Shale pipeline), closing a major $500 million dollar acquisition from El Paso, and also working on a $225 million dollar expansion project along with Kinder Morgan. All of these projects will allow XTEX to increase its distribution which in turn will allow an increase in the XTXi dividend, as well as an increase in value of the 10 million XTEX units that XTXI holds. These guys can probably push the dividend to $5.00/share over the next 3 or 4 years.