i meant EXCEPT NOOK, sorry, your points make mine though, ax NOOK, profitable business, activist will get involved, force them to dump it and the business will return to profitability, pretty easy to see, have to be stupid to be short for long stretches of time in this one.
you honestly didn't know that information, good research, the yield is lower here because you pay more for quality, they have the structure to continue to raise distributions and are well covered, your examples do not, higher risk, higher yield.
wrong...earnings good as always, trading down for a day or two of course because of the ex-date as ALWAYS and the same clowns come out every ex-date.... so if you're short get ready to pay that DIST.
actually, it's not at all if you know their research, upstream MLP's are in the habit of funding distributions through acquisitions and debt, for example $LINN did not have the cash flow to cover the last distribution, while as $EPD has 1.5x routinely. If the acquisitions dry up, or more importantly they pay too much for something, there's trouble. EPD has organic growth and a reliable cash stream so not at all the same which is why they haven't extended the argument.....otherwise they would.
i agree with all that, just posted that note as we can all recall how new owners slightly panic on a secondary announcement not being familiar with how MLPs operate.
I'm not thinking of selling per say, just hinting that this is not a time to be adding in my opinion, The structure of MLP's and our glorious tax system favors holding long term and not trying to game pricing action by going in an our.
As a long time holder, over 5 years now (though johnny come lately compared to some here), this kind of feels like a spot where they announce a secondary offering. Always around all-time highs, just curious if anyone else has that feeling. Also, for newer folks, the secondary price usually acts as fairly good support that it usually trades a buck or 2 lower under the price briefly. Last one was around 52 I think.
boy you must a lot of money playing options with that theory, you realize someone has to BUY the calls on the other end and why would someone be paying 1.44 over the stock price for 6 months of time. Wish i had noticed that activity before the close though. already up pre-
Check out the Feb 14 calls.....traded higher and a TON of volume as the stock sold off.,....it's going higher, Mike is upping his bid to 15 or Carl pulls a rabbit out of his hat.
yes, everyone that bought at 56 is real sorry, rising distributions from that level cover a bond rate increase that will peak at 3% over the next 12 months. Not sure why you would short this or KMP when there are MLPs that are much weaker and not as well run. Or just short AMLP, they will be happy to take your check to cover the distribution on your short shares too. LOL.