Too much discussion over whether a good qtr or a slightly bad one. I have owned this stock since 2005 and continually bought during the 2009 crash!! This is best financial investment of my life enabling me to retire in comfort despite being laid off since 2008!as one analyst said this should be regarded as a core energy holding for which i do! i would buy in any weakness!!!!
im with you on this one swan.. KMP is a good company and what impresses me, the CEO doesn't take a salary. That's confidence from the inside !! Good company, good stock, strong div.
; im surprised buffet isn't in on it. I'm big on KMP as well as SU. Just saying...Strong buy every day !!
"...This is best financial investment of my life enabling me to retire in comfort despite being laid off .."
I agree 100%, but as far as the best investment of my life, I have other stocks that percentage wise have done a lot better but I did not invest as much into them..Example MAstercard was in the 40's just a few years ago and for this past year CRZO & YHOO are both up over 100%.
But to have big gains one takes more risk. KMP/KMR are safe investments that IMHO are replacements for bonds in one's Investment Portfolio. So rather than have some mix of stocks & bonds. I replace the bonds with stock that have safe & sustainable dividends. Many stocks with high dividends are NOT safe & sustainable like any mortgage REIT, or stocks like NAT(Nort American Tankers), FTR (Frontier Communications), WIN (Windstream)