Tuesday may 22, 2012
I just got off the phone with HGT. HGT suffered a ten percent drop yesterday. This is the result of it having to absorb a whopping $29 M settlement as a result of a class aciton lawsuit. This will eliminate payments from 80-85% of the producing properties for 18 months. It seems then that the value of the trust will go to near nothing.
I don't see any alternative to taking the loss nad selling any shares one might own. I regret the lack of oversight on this recommendation.
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