The stock has taken a 12% beating over the past year while virtually every other viable stock has had good gains. When will the company get this maintenance thing behind it???
That "read my lip's" line might have been more funny bucky except for being pretty old & worn out by the left. You forgot the other famous line though, spoken right after our troop's rolled through, & defeated who-sanes army. the one where bush2 was on the carrier & said we won the war.
The problem is not maintenance as first suggested by Kurt Wulff in 2003, when the Wall street journal said Kinder Morgan was to big to grow. The problem is as actjac1324 • just said, is that we have to pay out all available cash every quarter, but still need $14 Billion to fund building out our footprint before anybody else does.
That is we need to sell new shares in the market at above book value to get the growth funds. This is tampering the short term share price growth, but at the same time increasing the potential cash payout per share for Kmp/Kmr.
KMP isn't a traditional growth stock, it's a high yield income play which is typically more in favor during flat or declining markets.
The dividend keeps a floor under the stock which people turn to when speculative growth stocks like TSLA fall out of favor.
The problem is you are only looking at price, your not adding in all the dividends you would have received over the years, which are significant by the way.
You want KMP to put up? They have been, for over 20 years.
You might want to do a little reading educate yourself when it comes to investing, or have a competent financial planner do it for you.
The maintianance thing is a dead horse. Proven wrong on numerous occasions. If you let Deadeye/Kevin/Barrons drive your decisions, you're in the wrong stock on the wrong board. Thinly traded, it is subject to frequent bear attacks, based on lack of understanding. Buy on those dips , reinvest the distributions and enjoy the pleasures of compounding.