Eh...action isn't looking great personally I would like to see it consolidate.. and attack 35/6 but that broke. Chart looks like 20s again
Probably win....Like I said. I like TPLM. However so many other values (big caps that I like). I was in around 3..and got my average to the 1.4s (very risky but it paid off).
Not saying it will go down, I am just comfortable with my short term profit. I wish this would go to 5-6 for everyone! Lot of good people in here.
also expecting a bit less, however irrelevant. What matters now is the capital they have to invest and guidance on their holdings.
Still see lots of value here, but I averaged down during my 1.43 level and sitting on a decent profit.
I thought it would be 2.30+ range now but I was wrong. Admitting it and moving on.
Lots of deals in the market. I may be back if this gets attractive again.
They took hedges off near the lows didn't they? So in theory we should get a nice tailwind. But 60+ oil is ideal. None the less, the recovery certainly is not being priced into this name. Asset sale (pipe dream) would send this up 90% +
A few issues
1) The cash they bring in and fees they charge. Tax issue surrounding this non invested $$
2) Rate increase might cause a flow of capital out (sheep like investors panic @ any move)
3) OIL- OUCH....it hurting bad, the paper losses sustained here will be devastating. Defaults might be around the corner KKR got crushed on theirs.
4) The amount of deals/payouts might slow down during this correction, thus reducing the divy. Short term problem long term lots of great prospects
Just to name a few...lots going on under the hood.
me neither............ Hopefully it frees up BX to pursue some interests they claimed were blocked before.
I am not sure you understand the process of going BK actually works. First you need to start defaulting on interest payments......
Please link me to where TPLM is having trouble paying interest on debt.
Also no debt coming due until close to 2018+ Combine that with cost cutting/share buyback= you might be waiting for quite some time for them to go BK.
well I gave everyone my playbook in the green now. Let's see where price action brings us. GL.
That nasty surge down might have been the final leg to flush some longs out. I was sure feeling some pressure there but it had a swift bounce. Still the action isn't positive at all and one cannot claim a bottom yet.