I think it is simply trading ex-dividend. They just paid .46 per share, so buying today at $11.60 is equivalent to buying a few days ago at $12.06, no big bargain
32 billion in debt, 5 billion market cap & 1 billion cash. Ray Charles can see bankruptcy is the best option!
Example: If on April 6th you have 200 shares UA selling at $80 , the next day you will have 100 shares UA valued at $40 & 100 shares UA.C at $40
As far as I know it works like a 2:1 split or it basically is a 2:1 split with your new shares being Class "C", non-voting, but paying a dividend. The new shares will trade under a different ticker, "UA.C"
Agreed…..Great company, horrible investment. It got in at $42. about 16 years ago. Now trading at $28 with no splits. I hope to get even in another 15 years. At that point, 30 years just to get even. Sure a dividends, but PFE is about my worst investment. Not trying to hurt anyones feelings here, just stating the facts.
This may be true, but I can guarantee many, many producers who are cutting production and no longer need the pipeline capacity will be running to the midstream MLP's to cut new deals saying: "if you don't renegotiate, we'll be pushed into bankruptcy & void our contracts" And this wave of customers will force Midstream co's to the bargaining table.
Yes, you are correct. This is not a secret. Over 80% of options expire worthless, so yes, the person selling the option almost always wins, retaining the premium. Even if your shares are called away, you made your premium, just not all the upside, but a profit nonetheless.
Oh my. The volatility & turbulence here is enough to make one vomit. Up, down. What good is a 6.5% distribution when you lose that much in a day? I'm guessing the Sabine Oil & Gas ruling is causing this. We finally catch a break with oil moving higher and get crushed with this ruling setting president that customers can easily get out of pipeline transport contracts. There will be a lot of renegotiating and voiding of contracts coming along with large volume decreases as upstream customers cutting way back or close up shop. This will not end well, even for the great EPD & MMP.
Anyone know what the difference is between VFINX (S&P 500 Index "Fund") vs. VOO (S&P Index "ETF") other than the fact that VFINX expense ratio is more then 3x's more expensive?
With MMP being almost three times the price per share, I get that. Using your example,theoretically, they would both advance by roughly the same percentage. However, most other MLP's left EPD in the dust.
Go figure. Oil soars, Market is up 350 points & EPD is in the red. This is a very bad sign. Too many great stocks recouping their loss's except EPD. Very disappointing.
My screen is all green except EPD. This dog simply can't get off the floor. Not a good sign when the market is up 217 points and other energy (XOM, CVX, PSX, MMP) are all green.
a 7% distribution means nothing when you are losing 15% or more of your principal. Don't count on the distribution, the price of oil rising or the ability of EPD customers to pay their bills & avoid bankruptcy. You need to entertain these things. Everything is not rosy here.
I know, tell me about it. I got in around 2001 at $41. I'm hoping to get even in 15-20 more years. At that point, I'll have owned it for 35 years, zero gain except for the dividend which helps, but for all the talk about how stocks are a better investment than real estate, thats baloney.
I didn't read the article and I guess its just me, but what does "Magellen is reassuring expensive" mean? It sounds like he is saying that the stock price is expensive, but be assured it is worth it.
It certainly appears Warren Buffet has done his research and concluded KMI is a better long term investment than EPD & MMP. Everything I have read indicated EPD & MMP were better investments than KMI. I must admit that WB and his people are much smarter than I am, but must say that I'm surprised. I understand that KMI sold off more & should spring back more, but WB is not the type of investor thats looking for a quick short time pop. I got out of KMI well above the current $17, but now wish I had re-entered. I thought KMI's outlook was bleak with all that debt??