Since this law has been in place CEOs have been much more careful about making forward looking press announcements. For RK to make the announcement he did, he just painted a bullseye on his back if he is aware there something wrong going on at KMI. He is the quintessential "hands on" CEO .....it would never fly that he didn't know what was going on. He is the mastermind behind this whole operation. I CANT EXPLAIN THE RECENT STOCK WEAKNESS, but I'm less concerned about a major miss coming up or something much worse as some have insinuated. I'm not so bold as to say that the "coast is clear", but RK has given us 2 clues he's confident things are going well.....first with his check book buying $mils worth of stock at market prices. His actions were confirmed by other execs....and now sticking his neck out "on the record" and puts it in the Sarb-Ox noose if there is some kind of scam going on here.
I agree that here is a ok place to buy. However, given its size and diversity of assets it takes a lot of "heavy lifting" for 8% growth. Also, when the overall market declines this stock (considering the assets) doesn't seem to benefit as a "safe haven". I think Kinder's frustration is genuine, and he may engineer a plan to get the valuation to what he thinks is deserved...I would be cautious of the Mom/Pop investor buying because Rich is buying. He has a lot ($400mil cash dividends) of disposable income.