KNOT may not bottom out until after the tax selling season. They had another disappointing quarter and the stock traded as low as $6.58 yesterday, down $2.26. It subsequently recovered and closed at $8.22. Unfortunately, I was out-of-pocket most of the day, otherwise I would have tried to take advantage of the sell-off.
They are still sitting on $110 million in cash and long-term investments.
I don't know where the bottom is.
The second quarter press release:
The two-year chart: