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Vanguard Natural Resources, LLC Message Board

biker_dick 2 posts  |  Last Activity: Mar 2, 2015 2:53 PM Member since: Feb 1, 1999
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  • biker_dick by biker_dick Mar 2, 2015 2:53 PM Flag

    I own a ton of ETP; well not a ton just 3,000 shares that I have accumulated. Just reviewed my purchases. I bought most in 2013 for less than $50 per unit. Everyone is chasing momentum now; Chipolte Chicken (CMG) at a PE of 47, pays no dividend. I will never understand that kind of investing, but I do understand a 20% appreciation plus a 6.5% dividend..

  • Reply to

    Happy X-DIV Date 2/9/15!

    by choo2choo Feb 9, 2015 4:48 AM
    biker_dick biker_dick Feb 9, 2015 12:38 PM Flag

    NMM is going nowhere until there are two consecutive decent earning reports and no reduction in dividend. This is dead money for a minimum of six months. I have no evidence or basis to believe this is a quality holding. They don;t have enough organic growth to sustain; they go to the secondary market-a "screw our current stockholder" action.

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