You see that because you were an ALDW investor, however I would wager that has no bearing on the leap you made that their flaw stems from beating us ALDW investors out of some earned distribution....
You know I was in that group, but won't let my disdain for that transaction prevent making money on their stock if it is undervalued, as it is, imo. There are better plays to move the money to when the short attack ends... (over 7% of the float at the moment, so I will be glad to move the tiny stake left in DK to another stock). If earnings beat again I bet there is a squeeze that hands me an extra $1000.
Furthermore since ALDW was a great cash producer which is now a part of DK it is more about the sympathy with crude and refining spreads driving this short attack to 7% of the float,... much more than disgruntled independent ALDW investors, (a relative tiny group with no power to move DK), DK traded in the mid $11's in June July of 2016. only $20 August 1 of 2017, when they had their last missed earnings. Since oil fell independent refiners are also down. Their 3 year chart actually looks much like many in energy. Even outside the independent refining sector.
Where is abject failure? They just failed to pay us independent ALDW holders the final distribution. The institutions got heads up the merger was coming... When all the chips are in even my record will be very good with DK's contribution to investment gains! They were already booked in 2018.
I am not changing my dislike for their ethics relating to our MLP they swallowed, but not worried their running their business into the ground... They are currently undervalued. They are certainly not the only energy company in that predicament.
For the record, I moved more than 95% of the investment to a better yielding space which is also undervalued in the energy sector. My post alluded to the small stake in an IRA account I don't trade much.
I am not arguing the case to buy DK, nor sell it here.
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