I've held DCTH since 2005 (limegold convertible, elvistcb, etc) and it always, always disappoints. And it always will.
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.
You are going to intentionally characterize ROC as qualified dividend? I cannot imagine anyone of this board advising you to do that. Take the lowered basis from ROC and follow the steps when eventually selling.
Now that MSTX has reached $1, this will come in handy. Pumper gradingis just like birdwatching, but more laughs.
Grade A Pumper:
Posts lots of old news, responds to all negative posts with a positive side. Never responds to being called a pumper, never posts on another board. Can spend up to hours each week pumping a stock.
Grade B Pumper:
Very good way with words, always claims to be your "friend" taking the negative poster into confidence, never posts on another board; spends hours each week.
Grade C Pumper:
Spends less time than the others but is somewhat effective and gets a C grade due to getting excited when pumper’s rules say not to get excited; spends several hours each week.
Grade D Pumper:
Needs to learn the basics about being convincing when making a positive statement. Spends a good amount of time working the stock.
Grade D Pumper: A complete idiot, most readers are not convinced he knows anything about stocks in general. The type that says a stock "rocks", but gives no rationale, shows up every so often but no regular schedule.
Neal: Just real tired of pumpers putting a misleading "buyout" title on an unrelated old article. Reading this garbage for 8+ years gets more than boring.