Seeking Alpha

Pacific Coast Oil Trust (ROYT), Enduro Royalty Trust (NDRO) and Whiting USA Trust II (WHZ) are...

Pacific Coast Oil Trust (ROYT), Enduro Royalty Trust (NDRO) and Whiting USA Trust II (WHZ) are downgraded to Neutral from Outperform at Robert W. Baird, which also notes that after another missed distribution by a trust vs. estimates and a less robust outlook for U.S. monetary policy, the firm raises its targeted rate of return to 8% for NDRO and ROYT and to 9% for WHZ.
Comments (2)
  • Wileycoy
    , contributor
    Comments (44) | Send Message
     
    Robert W. Baird is too lazy too dig into the WHZ financials and just give a blanket downgrade because "some other" trust missed its projections. Shame on them! Another reason not to listen to these so called "experts".
    24 Jun 2013, 02:51 AM Reply Like
  • tarbe
    , contributor
    Comments (24) | Send Message
     
    I agree Wileycoy. But they did us a favor....in a back-handed sort of way.

     

    I snatched up more WHZ today at <$13/share. Sitting on over 80k shares now and loving the $200k/yr dividends.

     

    I can get a 3.5% dividend from a company that has negative earnings (and worry every minute that they will cut the dividend..CLF anyone?) or just let WHZ pay me the mandatory 90% of profits...resulting in a current 19% yield.

     

    I think people who buy WHZ now and hold for a year or two will be richly rewarded with high yield and capital appreciation.
    24 Jun 2013, 08:14 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector