Kinder Morgan chairman buys 500,000 shares at an average price of USD 35.74.
and he sold them today for $36.25... nice profit in 24h.. lol
According to Yahoo he already owns over 230,000,000 shares, so 500,000 looks like a rounding error to me.
We know that Hedgeye was not on the other side of the trade shorting KMI because the don't put up money they just sound off.
Rich doesn't issue snitty press releases, he buys. I think that sums it up pretty well.
Know the source of that information?
I suppose if I had an extra $17.5 million lying around, I'd do the same. An extra $800,000 in annual dividend income can't hurt.