Enterprise Products Partners L.P. Message Board
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Hey Cheerleaders... tell me that EPD mgmt isnt manipulating the news cycle
So we get verrrry long over due good news on Thursday... stock really doesn't react...
On Friday it trades down... unexpectedly
and at the close today we hear that there will be a $55m secondary
Thats manipulating the news cycle... someone somewhere knew of it and was taking profits on Friday
Come on... tell me again about how current EPD Mgmt are saints and rocket scientists-
made me a lot of money, secondaries are usually buying opportunities, at least every other one in the history of the company. They're increasing the share count AND increasing the dist rate with additional units to cover. That's good my child. Relax
- 2 Replies to businessguru75
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But they're still diluting the stock and the price is probably going to drop a couple bucks today. That means somebody is going to get kicked in the pants. The original poster is not all wrong. You're flipping it off as if it means nothing. Well maybe so and maybe not. This has got to be hurting a whole lot of investors IMO.
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you can't really reason with this guy, don't confuse his arguments with facts. Everyone is working against him, his world is collapsing, let him believe what he wants. He probably has like 200 shares and wets himself when the stock moves a buck.
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I have never been enthused by the manner in which MLP's handle secondary offerings. KMP is the best of breed in this regard. The info does leak out. Those with inside information do game the offerings for some ill gained dollars, and the SEC is no where to be seen in the manipulations. It has always gone this way and probably always will. But if you have some money to invest, it usually offers a buying opportunity.
- 1 Reply to tppfan
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use the drop as a buying opportunity, if you don't think mgt knows what they're doing, sell your stock. when has it not gone back up to new highs?
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