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Crosstex Energy, L.P. Message Board

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  • ross.john51 ross.john51 Jan 15, 2010 12:32 AM Flag

    Some thoughts on the preferred issue

    smore using your calculations of .25 per quarter for dividends, at a price per share of $10 that comes out to 10% per annually, at $15 per share 7.5% and at $20 the div would be 5% which is more than CDs or the money market now pays, so it would still be a good investment for people if they bought at $20 than if they put their money into the money market or CDs.

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    • Well, you can get a greater return if you're willing to take more risk. I'd rather invest in PFF (a preferred share ETF) at 8.5% than invest in XTEX at 5%.

      I think that given its recent history, XTEX either needs a premium return or the hope of a premium return (something like 10%) to be worth my money. I think the market's expectation is that it will pay $1.00 a year, and the stock will suffer if it comes out with a distribution smaller than that.

      But I've been wrong about as much as I've been right.

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