This is proof that these articles and many like it are written by algorithmic driven robots....they don't do fundamental research, they just blindly look at numbers in the database and auto fill the words...ofcourse the numbers in the database just like Yahoo's numbers are often wrong....so the article based on it becomes a complete laughing stock article.
Always know what you have in your own hands, don't let someone else tell you its gold or fools gold. You could have gold in your hands and someone wanting it tells you its fools gold. Alternatively, you could have fools gold in your hands and someone realizing it wants to sell you more of it as real gold......
Today we are holding LNCO gold. I am pretty sure its not fools gold, but about 98% sure.
Thanks, ledlights1. I feel exactly the same way and it's nice to see at least SOMEONE agrees. My guess is that most of those objecting weren't holding this when Seeking Alpha articles helped bring it down from the low $40's to the low $20's based on an innocuous SEC inquiry that amounted to nothing. That, plus the fact that if you feel the distribution is in jeopardy, perhaps you SHOULDN'T be owning this investment. On the other hand, tact has never been one of my strengths, so I hold no grudges.
Can I echo "Amen". How Cramer, the fool that he is, can allow his Street publication do an analysis of LNCO and misstates everythiing. As other posters have observed, the only revenue LNCO has are its distributions from LINE. It has virtually no costs. Where The Street came up with the garbage they did and then sell it to people for a fee, is really amazing. GLTA
I thought your comment was appropriate and relatively benign. Losing a lot of money is a hell of a stronger slap than that. Get real folks.
Set up a second e-mail address, mine is at yahoo, and give them that.
Then they e-mail you all articles on stocks you have set alerts for.
HINT- don't give them your main e-mail address.
" LNCO, with its very weak revenue results, has greatly underperformed against the industry average of 6.4%. Since the same quarter one year prior, revenues plummeted by 215.6%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share."
Idiotic crapola, even worse than the usual drivel from The Street. Revenues cannot possibly drop by more than 100% and, of course, it's LINE's revenues that count and they went up 74% from a year ago.
LNCO has no revenue, earnings, net income or anything of the sort. 1 unit of LNCO consists of 1 unit of LINE...........PERIOD!
◾ The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Oil, Gas & Consumable Fuels industry. The net income has significantly decreased by 243.2% when compared to the same quarter one year ago, falling from $30.13 million to -$43.14 million.
◾ Return on equity has greatly decreased when compared to its ROE from the same quarter one year prior. This is a signal of major weakness within the corporation. Compared to other companies in the Oil, Gas & Consumable Fuels industry and the overall market, LINNCO LLC's return on equity significantly trails that of both the industry average and the S&P 500.
◾ Despite any intermediate fluctuations, there is only bad news to report on this stock's performance over the last year: it has tumbled by 34.11%, worse than the S&P 500's performance. Consistent with the plunge in the stock price, the company's earnings per share are down 139.08% compared to the year-earlier quarter.
◾ LINNCO LLC has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. The company has reported a trend of declining earnings per share over the past year.
◾ LNCO, with its very weak revenue results, has greatly underperformed against the industry average of 6.4%. Since the same quarter one year prior, revenues plummeted by 215.6%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
Many here seem to forget that Seeking Alpha articles had a great deal to do with putting Linn Energy into the mess it's in.