So one question is: What will my future YOC be is I get in at high single digits? Even with a substantial distribution cut, this might be a "March 2009" event. 15% distribution in 15-16 might look pretty good vs. market.
I beleive my first post (and purchase) of Delcath was 2005 and the tune never changes. Dilution is the solution for everything. ugh
Understand that. Some possibility that the macro environment for oil has caused chkr price to be a solid pick for next 12 months.
So, I've been watching and waiting for the bottom, but that started at $14 and still haven't seen anything that looked like a floor. Now the 50 cent moves represent a 7%+ shift in pps. Even though $6.00 seems like the likely bottom, that's what I thought about $10. A $1 annual distribution @ $6 is better than I would do most other places. Tis a puzzlement.