WHITING USA TRUST II (WHZ)

[ModerateMan]

Hmn...

Well my spreadsheet's pretty rudimentary, and the pricing could be a little different here and there, but my findings from WHX seem to point to good exit points here starting from the sixth dividend distribution.

(Easy way for sharing excel files and I'll post it)

It's missing some finer-points, like price volatility in the course of a year.

These values are Market Value of Shares Vs. Out-of-Pocket Cost (This is using $300 as a monthly investment, and unfortunately uses the price on the day of the dividend as the price for purchasing shares, for the sake of saving a little time)

1) 900.00 | 900.00
2) 1711.93 | 1800.00
3) 2066.18 | 2700.00
4) 2714.45 | 3600.00
5) 4832.36 | 4800.00
6) 7580.01 | 5700.00
7) 9820.35 | 6600.00
8) 11069.56 | 7500.00
9) 12975.02 | 8400.00
10) 16341.33 | 9300.00
11) 13751.03 | 10200.00
12) 15147.21 | 11100.00
13) 16094.20 | 12000.00
14) 18863.53 | 12900.00
15) 19865.45 | 13800.00
16) 22029.23 | 14700.00
17) 12048.56 | 15600.00
18) 10005.18 | 16500.00
19) 12129.75 | 17400.00
20) 11886.56 | 18300.00
21) 11495.32 | 19200.00
22) 16753.71 | 20100.00

So this kind of backs up my earlier fear as to what happens as the trust gets closer to maturity. So you CAN hold it and turn a decent profit, but you'll be losing out by a lot towards the end.