Holy crap. Man am I glad I own LINE. Get ready for a really fun ride.
"The Company expects that the acquisitions will be immediately accretive to distributable cash flow per unit. Management intends to recommend to the Board of Directors an increase in the cash distribution in connection with the acquisitions and plans to retain a portion of the expected accretion to strengthen the Company's distribution coverage ratio."
no your wrong the old news is 2.08 the new news is an increase of 10% to 2.28 plus the increase of cashflow of 25% 2007 and then 35% 2008 which compounded equals a hugh increase in dividends in 2007 and 2008 topping 3$ in the next two years, a 50% increase in income to investors.
12months out $42-45 is a reasonable price giving it a yield of 7%
LINE reminds me of another company I purchased years ago. POOL did not reinvent the wheel, they just kepy buying everyone elses production. If LINE continues on this course, there is no reason anyone would want to sell. In long on LINE at $22..........go longs.
* Expected increase in cash distribution to an annual rate of $2.28 per unit, or a 10% increase from the previously announced anticipated annual rate of $2.08 per unit for the fourth quarter of 2006, beginning in the second fiscal quarter of 2007."