Mike Cutler
Long/short equity, event-driven, mid-cap, small-cap

Investors Cautioned To Read Whiting's Announcements Prior To Buying Its Trust

WHX Is a Misunderstood Security

Whiting USA Trust 1 (NYSE:WHX) has recently been a popular topic on message boards, a greatly misunderstood security, a favorite short for investors who are willing to do a little research, and a fun albeit risky play for market timers. It's been an exciting show for those who have been watching, and even more exciting (or depressing) for those who have owned units.

WHX's volatility is not justified for such a straightforward security that will be allotted the profits from a fixed amount of oil and gas production, after which it will be worthless mid-2015. The volatility appears to be mostly driven by a gap in understanding of what you get when you...

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