I see you want argue about everything. They've been bashing ETE for a long time, including when it was selling at $4. It's been discussed before on this board. I have no interest in carrying on a discussion with some bitter old dear who wants to blame the world for all the misery in his life.
So blather away. I've put you on ignore now since you're obviously a troll and just want to stir the pot.
So for months MF has been bashing ETE relentlessly including when it was selling for $4 to $5. Now that it's selling for three times that, it's become an "Incredibly Cheap High Yield Dividend Stock."
You do realize this is a Yahoo message board. Have you read any messages here before? When it comes to wasted time and space, quite aside from your pointless moaning, the bar is pretty low.
Reading through your recent posts, most of them are just calling people names, informing them that their posts are "garbage" and informing a breathless world that your "check was distributed" (whatever that means). Vitally important stuff.Wasted space indeed.
"by edward.dipasquale • Apr 21, 2016 6:25 PM
Got an email yesterday saying my check was distributed on 4/19 and I should have it in the next few days.
Obviously it's an error on the part of someone. "Fat finger errors" do occur. I didn't claim it was a legitimate trade. Your hysterical response to the comment seems to imply something in my post that isn't there. I just said it was shown on the Nasdaq website.Usually errors like that are annotated as "cancelled."
No need to go postal.
Not sure what the ETE short size is now, but those who didn't close out their positions earlier must be looking to exit now. Unless something totally unexpected happens, the risk of a significant fall in share price now seems small and we will probably continue to grind higher.
I want to write some near term out of the money covered calls at some point for extra income, but will have to wait until we work our way up a bit further and settle into a new price range. I expect the next quarterly report and forward estimates will be difficult to really evaluate considering how complicated ETE is right now.
"No one is not holding you back "
Did you have to pretend to learn English before you got your green card?
"the distribution will grow to $2.05 from 1.14 by 2020. ... I guarantee it will be well past their $20 target"
Yes, if ETE is considered a less risky investment (i.e. without all the litigation and less volatility in energy prices) and the market wants a 5% distribution, that would price it at $41. Even if an 8% distribution is expected, that would put it over $25.
"that is almost 100% domestic..."
Its day to day business is domestic, but obviously it's dependent to a large extent on energy prices and those prices are very much dependent on the global supply/demand equation and that means what happens in the EU, China and elsewhere will impact how it fares.
There are companies that are really insulated from much that happens outside the US, but anything that is affected by commodity prices, global growth, interest rates, etc. even if they don't operate overseas, is still going to be hit or helped by what's happening to the global economy.
The market wants some clarity. Nothing about this deal or what's coming next has been clear or certain.
The big bomb was defused, but all the damage hasn't been assessed. The rating agency comment demonstrated that they were clueless and just speculating on various potential outcomes. Mr. Market was busy getting ready for the fourth of July. ETE is not an easy entity to understand and no one can be sure what KW will pull out of his ... umm, er ... hat next.
Give it time. Once the smoke clears, school children, taxi drivers and maybe even Faber & Cramer will be able to understand what happened and we'll be back to pricing based on fundamentals.