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.
Do you really think you're going to generate any business for Ultimate Suck Alerts by filling the board with this annoying rubbish?
The day after you post these ridiculous messages, when you've sobered up, do you ever read them to discover what childish nonsense you spewed while you were high? It's one thing to joke around and poke fun, but these moronic screeds are just the embarrassing temper tantrums of someone with a perverted mind..
I'm long ETE, but let's be honest, the reason it was so attractively priced for awhile was because the deal was such a mess. We've profited because the deal turned sour and KW managed to squirm out of it because of a contractual condition that he may or may not have realized at the time would give him an exit strategy. I'm glad he managed to use the loophole to escape, but I'm not sure he was savvy or just lucky.
The company and stock should benefit going forward if they tend to their business and KW doesn't let his ego get in the way, but if he decides to try another deal it's likely his new changed reputation as a deal maker would cause a big drop in the stock price.
I'm not bashing, just being realistic. I'm staying long, but any hint he's on the prowl for another acquisition or merger and I'd get out before the brown matter hit the fan.
As some have said:
“Kelcy definitely earned a premium for a while because of the visionary he’s been," said Rob Thummel, a managing director at Tortoise Capital Advisors LLC, citing Warren’s ability to draw investment in the past. "Now, with this saga, this circus, whatever you want to call it,” he said, “that may switch from being a Kelcy premium to a discount.”
Sounds like their frequent announcements that the entire BOD was committed to the merger was disingenuous. Could make for some interesting witnesses for ETE to call in any suits brought by WMB's bozo lawyers.
"The resignations came during a closed-door session in which the bloc sought to replace Chief Executive Alan Armstrong, who they felt was ill-suited to lead an independent Williams as it sets out a new course, the people said.
Chairman Frank MacInnis was among those who resigned, as were a pair of activist hedge-fund investors, Keith Meister and Eric Mandelblatt, who joined the 13-member board following a public campaign in 2014, the people said. All three had championed the merger with Energy Transfer, which Mr. Armstrong had opposed and continued to oppose even after it was agreed."
If my average cost per share was under $10 (which it is), I'd still be making nearly 12% on my initial investment (ROI) even if the distribution had not increased (which a rise to $30 would suggest that it had or was about to).
I could decide at that point if potential distribution increases and price rises warranted sticking with it or moving on. If income investors drive the price to $30, either they are assuming there was more to come or else they consider a safe 4% to be more attractive than available alternatives. Right now the bond investors are looking for bond proxies. Yields on MLPs, REITs and Utilities will drop if income investors pile on with less risky investments returning less than inflation rates.
In the past when I've owned MLPs it was definitely for the income. Pricing depended on comparative investments and the likelihood of distribution increases. Trading volumes in MLPs were pretty light. Much of the trading right now is more aimed at capital gains, but if the distribution looks safe, income investors will come back.