Sat, Aug 23, 2014, 9:10 AM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

PENN OCTANE CP Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • rrb1981 rrb1981 Dec 13, 2003 12:53 AM Flag

    Management Raping Shareholders

    I might add that management is most likely buying the 50% interest(or should I say stealing it) at a very lowball price. While I haven't seen a verification on the price other than what was posted, having seen past dealings they have done, well, lets say they aren't the most trustworthy. However, I might add that, given the ineptitude of current management, it is unlikely that they will be able to grow the MLP in order to raise the distribution. From what I've seen of their dismal track record, they couldn't manage their way out of a wet papersack!

    That being said, MLP's are tax exempt on the corporate level (and tax advantaged on the holder side) so they should at least "increase" earnings, or rather distributable cash due to being in a more efficient tax entity.

 
POCC
0.010.00(0.00%)Jan 23 1:14 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.