Mr. Phillips earned a base salary of $1.33 million in 2014, plus stock options worth roughly $3 million. There are several executives earning $1 million plus packages, while unit holders have lost nearly $2 billion dollars. Does anyone see anything wrong with this picture? My guess is that Mr. Phillips, et al have parked millions for themselves for when CEQP goes under by year's end. Don't bother suing. Their money is protected or long gone.
Wonder if that GP will be bringing legal action soon?
You are making an assumption that their numbers are factual and accurate. Are you sure? Have you done the forensic accounting necessary to assure that what they are reporting is truthful? I THINK they are NOT! I can't prove it; but common sense would dictate that 23% dividends are simple not sustainable. For one minute just THINK!
The bottom line is that the company is NOT profitable and after the merger, it will be even less so. I predict the dividend with be cut by at least 90% if not to 0. Has anybody who's been ripped off heard the old adage, If it sounds too good to be true, it isn't?" These guys at Crestwood are ripping you off, and enriching themselves at your expense with all kinds of phony numbers. This is why I shorted months ago, after talking to their IR people. Crestwood is a flat out scam!
I assume you #$%$ will be on the chopping block in the not too distant future.
Not an ex-employee; but I do have many friends who were at HP. And most of them have told stories about how HP was like a welfare agency to thousands of employees. Most of these friends retired years ago, and love the packages they received when they left. All were thrilled to get out, because they felt the company was bloated with worthless people, just pulling a paycheck. I believe them. One was a senior executive who knew all too well about the problem. He once said that they could cut the workforce by half, and they would be just as productive.
HPQ is the most bloated tech company out there. I expect there will far more than 30K jobs eliminated -- perhaps as many as another 75k once the split takes place. The vast majority of HP employees are worthless. Good job Meg! Keep cutting the dead wood.
Revenues will be off the chart; and profits skyrocketing. HP Inc, on the other hand will be treading water for quite some time.
I think too many people on this MB can't see the forest through the trees. This company is toast. All the wishful thing will not change that. Anyone who thinks that 20% is sustainable is delusional. Buy all the shares you want; but you might as well just take a lighter to a bunch of $100 bills. The net result will be the same. Your money will go up in smoke.
21% is completely unsustainable
So what part of the word synergy don't you understand? Given your ability to write a coherent sentence without a bunch of technical gibberish, my guess is that you are more impressed by making statements that make no sense, thinking you can convince readers that you know something. Guess what? You don't! You're still a MORON!
STOP PUMPING THIS POS! The bonds are NOT trading at 90/100. And I am certain there is FRAUD happening! This company will be out of business by year end. PERIOD!