I think we are saying the same thing . . this is a Black Swan and a unique opportunity to buy a solid company at a discount price. I increased my position today.
Prospective investors in Capital Product Partners should note that although the MLP and its general partner are headquartered in Greece, they have no exposure to the nation's fiscal and political challenges. The partnership's vessels don't operate under Greek flags, and the company is incorporated in the Marshal Islands.
The day-rates for tankers are paid in US dollars, not euros. Like most Greek companies, Capital Product Partners has likely reduced its exposure to Greek financial institutions.
In short, even if Greece were to exit the currency union, Capital Product Partners would be no worse for the wear.
Read the referenced article and this one: http://seekingalpha.com/article/3255675-kinder-morgan-is-getting-hit-by-the-bears-again?app=1&auth_param=fb6j:1anmcuo:ef41a3cc27c8d1c71f4e091f8dc2389c
Let me know what you think . . after reading them.
"Net income per share is a useless metric for a company like Kinder Morgan. For example, in Q1 2015 the company reported net income of $469 million or $0.22 per share. However, when calculating distributable or free cash flow, non-cash items such as depreciation, depletion and amortization are added back in. For the quarter KMI's DCF was $1.24 billion, handily covering the $971 in dividends paid at $0.48 per share." Hope you don't mind some facts. Above from Seek Alpha article today.
Institutional and to a much larger extent MFunds net redemption last quarter. Looks like a position liquidation. Perhaps the sale is over? I don't find any negative news.
It's not hocus-pocus, it's an opinion, just like yours. What I was noting was a 40% increase in about 3 months (2 1/2 months): 1/15/15 @ $44.07 close & 3/30/15 @ $63.76 close. So, using those numbers: 63.76/44.07 = 44.7%. So, I'm not over estimating. My opinion is that VLO got ahead of itself and I would expect it to pull back.
VLO got ahead of itself, up 40% in 3-months. One could expect a pull-back to 100 dma before another run . . . IMHO