In a development so inevitable that I actually predicted it would happen, BP Prudhoe Bay Royalty Trust (BPT) has imploded in the past week, thereby triggering a sell order. As far as stock implosions go, this one wasn't too bad...a 12% capital gain (4.5% annualized) plus a ~10% dividend yield. I am a "lesser sucker" I suppose, but still deserving of a Bart Simpson-at-the-chalkboard-like punishment:
I will never own a royalty trust stock again. I will never own a royalty trust stock again. I will never own a royalty trust stock again. I will never own a royalty trust stock again. I will never own a royalty trust stock again. I will never own a royalty trust stock again. I will never own a royalty trust stock again. I will never own a royalty trust stock again. I will never own a royalty trust stock again. I will never own a royalty trust stock again.
(I'll admit, I just copied and pasted the above. Not quite the same.)
Also being sold are "Distressed" stocks Sunrise Senior Living (SRZ), which is up 80% from where I bought after being acquired by Health Care REIT (HCN); and ITT Educational Services (ESI), which has sunk 53%...because it is truly distressed.
The next edition of the Stock(s) of the Month will be ready by mid-September.
