Sure looks like it today.
I would take more HCLP as the covered calls income are my dividend for now. Think the SLCA has run too far too fast and have a catalyst in early June more OPEC meetings to cash out on. With 26% short interest on it could fall a lot.
a bad thing for business?
Looks like the market likes the amended deal as stock continues upward on good volume. Have to think in looking over the last 10k that WFT is one of the top 4 customers that make up 67% of revenue. Looks like both companies are in the game for the long haul and WFT has a lot of insider buying these days so that's a win for HCLP
Looks like management took the opportunity to toss ever piece of bad news into a throw away quarter. The bad debt write off, goodwill write off and dilution all in one sitting. BK customer was that EOX?
In any case path forward seems to be brighter. Looks like WLL has cranked up the franking again with their mystery investor and that is sure to help HCLP. Also prices were up for the qtr. With Blair now completed ahead of schedule and oil in the $45 ish range outlook will start to improve going forward once we clear the dilution hangover.
Traders purchased large amounts of $25 puts with the idea that ERX would be under $25 by May 20, 2016.
What a joke.
You sound like the person that sold all their FSLR a few months ago and placed it all in SUNE.
Same result will happen to you.
vs open interest of 278.
Comes down to management.
Ground Hog Day