Half listening to CNBC, Tepper is bullish on high quality div stocks. Tepper is usually right. Also, Gross, if I heard correctly, 3% GDP US this year, that's not a terribly bad "new normal". Stocks do high single digits, bonds a couple of points less. Stocks sound like a good place to be. But when you have a trillion to manage, you can only deal with the macro and invest accordingly, for us small investors, we should do much better, because we can buy the likes of a Caesarstone or a Midstates Petroleum or an Atlas Energy. Gross can't begin to look at cos that small.
MLP article in Barron's, pundits expecting 13% total return this year, it's not the high teens I expected a few years ago, but I'll take that return. In fact, I already have exceeded it for the year, so it's not a hard call for me. Wish I could take the distributions and freeze the prices for the rest of the year.
Brent/WTI ready to dip below $11. Seems it should be $5 at some point. Seems also that the play on Gulf Coast refiners benefiting from the wide spread is coming to an end. This could dampen the PSX mlp ipo coming, which could be good for buyers.
The SD board is active, engaged a law firm to look at Ward's actions, probably won't find illegal acts, but would bet he will be gone a couple of months. The value is still to be determined. It's $5 imo but how long it takes is an issue. Thought about swapping SD for MPO, but think I'll stay put for a while.
Since the announcement on March 13 of the Company's settlement with TPG-Axon, the Board and its committees have been actively engaged in a strategic review of the Company, its operations and its governance practices.