To the moon Alice!! A purchase on the flip side of either UPL or EXXI would be a nice catalyst for instance.
For now, be happy that those shares short will pay the divi for the company....and for that, we ty.
Fair enough now that the .39 is gone as if it never existed and the .89 is now .64 and going forward, will that be adjusted again , can they be trusted by the 1 or 2 analysts covering Argan? The latest qt was off by "only" 30 % and the date was never released in advance which I have never seen before. Again, I love what these guys are doing and I go back a ways in their history but can the numbers be trusted, will the same reasons they missed big this past qt be the same reason for missing forward qts, lower margins? Net revenues the highest in a year, net income the lowest in a year, seems to be a fair question, no? And it's $3.23 from $3.35, from $3.03, to be accurate. If they continue to be off by 30% its about $2.60-$2.70 ish, which is still a fair pe at current share price by my own standards. Thanks for the reply.
You seem a bit confused. The stock IS down still since the split even after the significant recovery, go to the chart to see just how much more it has been down with oils collapse and the subsequent rebound. The dividend IS in line with what it was pre reverse split, that is, 5 times the original amount of 15 cents. It s model is rather new in that it is an alternative asset REIT and the jury is still out re: the base business model, oil pricing aside. I like the model and believe it will work BUT nothing will work if oil stays lower for longer, not this, not MLPs...nothing. I have given a lot of thought to bail now with oil up to the 45 range, not just here but other oil related investments as well, for now, on hold and keeping fingers crossed.
Re; CORR....the HUGE short still hangs over the stock, the BKs of EXXI and now today UPL as well are certainly a BIG concern regardless of how the leases are written or what CORR management "thinks" is likely to happen, they have no choice but to remain positive. Dont invest he house here, for now its strictly risk tolerant monies and see if it gets through this, IF you are so inclined. IMHO.
Very strange that this is up today with UPL filing and oil down slightly, a positive sign? Any thoughts?