Recent and Near Term Forward WHX Price Analysis
This article provides a timing update to my last article on the valuation of Whiting USA Trust 1 (NYSE:WHX), as well as supporting information for a more recent article by Kellie Peterson discussing the price pattern WHX is following.
As expected WHX fell more than the distribution on August 15. It closed that day at $4.23, $0.77 lower than the prior close of $5.00, or a drop 44% more than the $0.5335 distribution.
Since then WHX has actually risen a bit, as predicted by Kellie's above article. Why would WHX rise post-distribution, when the next distribution is 3 months away and it remains overvalued by about 40%?
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