Line Exposed By Barron's, Thank's for those Shares at a price of $11.00 after churning this stock. Bless You Shorts!
I am still collecting that dividend, never did our buddy at Seeking the Alpha provide us with a decent argument challenging Line's distribution payout percentage or "ROC" to shareholders when our cash-flow was not enough to hit our guaranteed payouts. I love Shorts who don't understand a business model like Line and LNCO, we made out buying when Goober was telling the world along with Forbes Online, LINE is a Ponzi Scheme. We got some great management, every time I picked up the phone to ask a question, their IR people called back or sent me a email quick!
I bought and sold, bought when LINE broke down to $20.77 and sold at $28, bought back again at $23 and sold at $27.5, same thing until my shares are now "cost basis" $11 a share! There's plenty of room for this stock to rise and drop more with our rumor mongers, thanks for giving LINE Energy shareholders chances to buy and sell, churning. Now we have shares at a average cost of $11, the dividend yield is great from this price. I don't mind paying short-term capital gain taxes when Short Sellers are attacking a strong company with A+ management in the MLP field!
So what happened with the Ponzi-Scheme Thesis, Hedge Head and Forbe's Daily ought to be ashamed for publishing garbage theories. Look what happened to William Ackman and his Herbalife Short, he's on his way of losing $500 Million for being arrogant, Carl Ichan and George Soros are taking all our Short Sellers out to the wood sheds and spanking their #$%$!
If you read the WHOLE post, he explains how he took advantage of the nuisance lawsuits to trade in and out creating enough profits to effectively lower his cost basis to $11. Pretty clever if you ask me (which you didn't)