To the naysayers who have continuously predicted doom and gloom for BPL I extend to you a heartfelt thank you. I have made a point of adding to my position whenever investors have headed for the exits and this time is no exception. It is a strategy that has made me a ton of money over the years and is earning me an overall yield well in excess of 10%. BPL's buisness is solid and not going anywhere and if it does reach $46 I will gladly add even more shares.
I just love it when a plan comes together. The buy the dip crowd is so trapped. No way out for them with the dog. Worst of the MLP's in the universe. Management should be dropped kicked right between the running lights.
I have an order to buy 1000 at $43.00 GTC and will go away. If it hits it, fine, otherwise I'm using my money in more productive and profitable company's.
I, along with a few other posters feel the management needs to be thrown out and new people brought in. And that also means new Directors.
Face it. This MLP is the worst one. People should not be even looking at this dog until under $46.00.
Congratulations on maybe being right, for a while. Who cares? I don't own this stock for price fluctuations. My concerns: do the pipelines still exist? Are there products to ship? Are regulatory agencies still allowing a decent rate of return. Does management find customers and collect the fees? Do they still pay me a nice portion of those fees?
Please feel free to tell me, at length, how stupid I am. If I don't seem to be listening, convince yourself that it is just another sign of my stupidity.