Mon, Dec 29, 2014, 2:45 AM EST - U.S. Markets open in 6 hrs 45 mins

Recent

% | $
Quotes you view appear here for quick access.

Kinder Morgan Energy Partners, L.P. Message Board

datanurd1 43 posts  |  Last Activity: Dec 17, 2014 6:15 PM Member since: Oct 15, 2001
  • Reply to

    More insider buying

    by billlkay Dec 4, 2014 8:35 PM
    datanurd1 datanurd1 Dec 5, 2014 8:43 AM Flag

    Today when the percentage approval of Prop 2 is announced, do the math and see if these recent purchases by insiders tilted the scales. If you see a relationship then draw your own conclusions about why the purchases took place and expect to see some sales in the not to distant future.

    Sentiment: Hold

  • Reply to

    Are insiders buying or selling?

    by wallsttrickster Dec 4, 2014 2:04 PM
    datanurd1 datanurd1 Dec 4, 2014 7:19 PM Flag

    This is definitely not good news. Don't you think that management knows how the vote on Prop 2 is going and don't you think that this sudden burst of buying just in time to vote for Prop 2 is more than coincidence. I don't think that this insider buying is bullish at all but just an indication that selling of shares at below NAV is guaranteed.

    Sentiment: Hold

  • Reply to

    Annual meeting

    by fastphil10 Dec 4, 2014 1:07 PM
    datanurd1 datanurd1 Dec 4, 2014 6:17 PM Flag

    For arguments sake let's say these insider bought thousands of shares because they thought the stock price was low and undervalued. Don't the results indicate that these insiders have no idea about the value of PSEC shares. If so why should we give them credit for knowing how to run their business. On the contrary if they were buying just to try and insure that the Prop 2 passed so that they could continue to line their pockets. then they are perhaps geniuses albeit very unprofessional.

    Sentiment: Hold

  • Reply to

    We've been here before

    by eagles123 Dec 1, 2014 4:14 PM
    datanurd1 datanurd1 Dec 2, 2014 7:29 PM Flag

    You are an idiot. Forget that we bought at $10.50 and now are at $9.00. We should only be concerned that we are testing our lows yet again. How many who read this message board are thrilled to see the price action of PSEC and your post. All who are thrilled please give a thumbs up.

    Sentiment: Hold

  • datanurd1 datanurd1 Nov 29, 2014 8:57 AM Flag

    Who establishes NAV? Unfortunately, the same people who benefit from the large management fees and want to sell shares under NAV. It seems to me that the street doesn't trust management and has put a discount on their information e.g. NAV. I am reasonably sure that the price paid for the Fort Wayne property was well over market value and, thus, should have been marked down from the start. But it was not. How many other companies in the portfolio are treated the same way. It won't be long before we see the true colors of this company

    Sentiment: Sell

  • datanurd1 datanurd1 Nov 28, 2014 11:49 AM Flag

    And your point is??? PSEC was part of that downdraft as well and rebounded nicely until 2009. It has been eroding since and ACAS has beaten it to death. Two different stories and unfortunately the PSEC story is getting worse.

    Sentiment: Sell

  • Reply to

    making money

    by vanderpool1959 Nov 25, 2014 7:23 AM
    datanurd1 datanurd1 Nov 25, 2014 12:39 PM Flag

    I believe the man said unless you are a short term trader. The downtrend which remains intact began on9/14/2012 when PSEC traded at $12.26 and has to date resulted in a 22% reduction in share price. Anyone who has been in this stock since that time and including the past several months is under water. Now I hope you get my down drift.

    Sentiment: Sell

  • Reply to

    Why are they calling??

    by drsauerzopf Nov 17, 2014 8:16 PM
    datanurd1 datanurd1 Nov 19, 2014 11:06 AM Flag

    I have posted several times before that I held Commonwealth during that period of time and only the buy out offer saved me from a huge loss. PSEC is travelling down the same path exactly.

    Sentiment: Sell

  • Reply to

    Why are they calling??

    by drsauerzopf Nov 17, 2014 8:16 PM
    datanurd1 datanurd1 Nov 19, 2014 9:51 AM Flag

    Regarding transparency, have you noticed on the Yahoo company menu list for PSEC there are no details offered for 'Key Statistics', 'Company Profile', Financials, etc. These are the most important information windows to judge how a company is doing. Why are they not shown.

    Sentiment: Sell

  • Reply to

    Management fees.........

    by slicktop4 Nov 10, 2014 3:32 AM
    datanurd1 datanurd1 Nov 18, 2014 2:01 PM Flag

    3k more sold today. I don't know why I am holding on to half but I feel better knowing that things could get worse from several fronts.

    Sentiment: Sell

  • datanurd1 datanurd1 Nov 18, 2014 12:50 PM Flag

    I am afraid the shareholder remedy is just to sell and move on. If things do turn around or they are bought out then it may be time to revisit.

    Sentiment: Sell

  • Reply to

    Ulterior Motive Tied to Selling Stock Below NAV

    by jimcooper28 Nov 16, 2014 12:14 AM
    datanurd1 datanurd1 Nov 17, 2014 10:40 PM Flag

    I started today with a 25% sale of my portfolio. It pained me but the plot has just thickened too much with mailings to me to reconsider my no vote to Proposal II. Several months ago it was the spin that PSEC had almost 1 billion for investment and today it is our credit will be downgraded if you don't change your vote.
    I don't buy it and actually sold 3k today at a loss.

    Sentiment: Sell

  • Reply to

    Ulterior Motive Tied to Selling Stock Below NAV

    by jimcooper28 Nov 16, 2014 12:14 AM
    datanurd1 datanurd1 Nov 17, 2014 4:38 PM Flag

    I am afraid that greed knows no bounds and often begins innocently. PSEC management has just proven to be on the fringe of so many issues including now trying to 'spin' businesses off to their 'stupid' shareholders (inserting a word from Mr Gruber). Why does a BDC start a REIT in real estate and make a costly first purchase? It is all about the fees. As I have stated on this message board, I have seen it before and this is just deja vu to me.

    Sentiment: Sell

  • Considering the sizable fees generated to the management group, it is not inconceivable that recent purchases are designed to not only add more 'yes' votes and also to add a bit of smoke and mirrors to those of us who hold shares. I finally capitulated today and sold 25%. I can always repurchase if it proves that my thinking is erroneous.

    Sentiment: Sell

  • Reply to

    Ulterior Motive Tied to Selling Stock Below NAV

    by jimcooper28 Nov 16, 2014 12:14 AM
    datanurd1 datanurd1 Nov 17, 2014 2:45 PM Flag

    I voted no to Prop II and received four envelopes (four different ownership accounts) basically begging and trying to scare me into changing my vote. This really stinks and it appears that my misgivings with current management are founded on solid rock. I don't know why I keep hoping and holding on as the value tumbles.

    Sentiment: Hold

  • datanurd1 datanurd1 Nov 14, 2014 5:30 PM Flag

    This is well and good but how do you explain the insiders selling stock at less than $6.00? Do they not believe in their own company? I don't buy the automatic sale BS.

    Sentiment: Hold

  • Reply to

    Management fees.........

    by slicktop4 Nov 10, 2014 3:32 AM
    datanurd1 datanurd1 Nov 12, 2014 8:47 AM Flag

    Please read the attached article. As I stated I was in this REIT called Commonwealth where management was so greedy for fees that they constantly tanked the share price by issuing shares buying properties that benefitted their agenda. They were finally thrown out and the entire company is under new management. Beware management that benefit by growing the company as growth can become more of an incentive than quality assets.e.g. Fort Wayne Apartment Complex
    http://www.forbes.com/sites/erincarlyle/2014/03/19/related-and-corvex-win-shareholder-vote-to-oust-commonwealth-reit-board/

    Sentiment: Hold

  • Reply to

    Management fees.........

    by slicktop4 Nov 10, 2014 3:32 AM
    datanurd1 datanurd1 Nov 10, 2014 6:18 PM Flag

    Yes, I know it sounds weird but I have owned PSEC since 2009 (13K) and was very high on management. Then the problems of early 2014 began and the explanations and actions since have slowly turned me against them. However, I am not one to pull the trigger until I am sure that there is a smoking gun. I am 71 years old and can ask you to do what I say but not necessarily what I do.

  • Reply to

    Management fees.........

    by slicktop4 Nov 10, 2014 3:32 AM
    datanurd1 datanurd1 Nov 10, 2014 10:09 AM Flag

    I was in a real estate reit that operated in the same fashion and this might explain why PSEC has decided to enter this area in a big way. I am very down on the management and after listening to the conference call I can only predict that the shares are going nowhere and perhaps going down more as things sort out. For those who always give thumbs down, let my predictions speak for themselves. Watch and learn. I am still very long and underwater.

    Sentiment: Hold

  • Reply to

    No dividend annoucement until Feb

    by frigator Nov 6, 2014 6:49 PM
    datanurd1 datanurd1 Nov 7, 2014 9:32 AM Flag

    Bought my first shares in 2009 and have held onto PSEC through the years. My average purchase price was around $11.00 so needless to say I have been taking on water through the years. It seems that since early this year PSEC has made several missteps including over paying for real estate. It has been my experience that spinoffs often come back to bite those to whom they are spun. I see this plan as a way to reduce payouts and overprice companies that are jettisoned. Through the years I have moved from big supporter of management to a doubter. Just my thoughts for the future

    Sentiment: Hold

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.