Hedgeye is a fund of rats. They lie all the time. They go after stocks with lots of retail holders who can be scared out of their shares.
I took advantage of this "sale," but it's not the way I like to make money, stealing from retired people.
Thanks, Money. Not to knock the good people on EVEP message board, but it sounds like it is worth paying to join the discussions on investorvillage. I learned a lot from your discussions with posters like clambo, for example, who I rarely see posting on Yahoo these days.
rpg-You as an individual are not a taxable entity for purposes of Texas income tax. Here is a quote from an EHOW article entitled "What is the Texas Franchise Tax?" This should clear up your confusion:
"The state of Texas imposes a tax on all taxable organizations doing business in Texas. This is known as franchise tax and is considered a "privilege tax." The amount of franchise tax due annually depends on the business's revenue. Businesses whose annual revenue fall below a certain threshold are not required to pay franchise tax. However, all businesses in Texas are required to file a franchise tax report, regardless of whether they are required to pay franchise tax. "
I hope Hedgeye gets stuck paying the next distribution. They are always bad mouthing individual companies to try to get the share prices down on their shorts. I have nothing against legitimate shorts, but these guys will distort macro information just to put a negative spin on a company they are trying to hurt.
Some people say Cramer gets involved with scams just like this one.
You don't know if he is temporarily supporting the price to help big money get out, or if he will all of a sudden dump his Charitable Trust shares and start trashing your stock.
I've noticed him buy shares (then advertise it to make the share price pop) and dump his position a week later. Then, he announces he sold and your stock falls further. This is why you see people groaning on the message boards when Cramer buys their stock.
Make your decisions based on solid information. A lot of Cramer's suggestions head South, regardless of his staff's efforts. You have to know what you own and have some sense of price--or you are at the mercy of short attacks and scam artists.
People, instead of jamming up the phone lines on a good company that pays you all good distributions--call Hedgeye instead. Jam up the hedge fund's phone lines asking them to explain why they attempt to harm good companies when they are in a quiet period and ex-div.
Money, are most of the smart posters over at InvestorVillage now?
The safer track is to wait for LINE shares to bottom and stabilize, then add to shares. You'll pay more, but you will stress less.
You need to know what you own in order to decide whether to take advantage of the price or to be concerned. A coordinated short attack starting around the ex-div. date tells me a lot--but it doesn't necessarily give an all clear.
I use the bond market as a tell for what is really happening with the company. Linn bonds are doing fine, in line with the bond market overall. No downgrades or extra selling of Linn Energy bonds.
Good post, jdb. Shows the importance of diversification and keeping positions in any one stock modest. I remember kicking myself for taking "too many" profits in the low and mid $70's. Ha, ha. Now I wish I had sold it all. C'est la vie. At least we have the 8% distribution rolling in.
Reit week started today--going to put the lie to the shorts. Shorts jammed it down yesterday so as to cover before the divy run started. The timing was what confirmed my thoughts that the short wouldn't hold. Sooooooo glad I bought some under $59 this morning. Great price for a blue chip reit.
Absolutely, jtbcm. These big shorts have been on the wrong side of the trade for months. This guy is probably desperate to catch up to the averages. I hope his clients are pulling money from his fund right now.
Grabbed some at $65. Some of you did a lot better. Congratulations. This big short is pulling a scam. Hope he gets caught in it himself.
Commercial real estate is improving. The underlying properties are increasing in value.
It is smart for companies to borrow money now at low, low rates. The Fed wants to keep rates low at least through 2014 and probably into 2015--DLR won't have a problem borrowing down the line.
If you want to know what some very smart people think about Linn Energy's financials and fundamentals--take a look at Linn's bonds over the past couple of weeks. This week-- after Barron's attempt and Hedgeye's attempt, and the follow up attempts by their cohorts--bond investors are paying MORE for Linn's bonds, not less. The bond market is an excellent read on high level evaluations by major investors.
We just went ex-div. Unlikely to get to $40 for several months. C'est la vie. Many investors scared out will stay out. Those looking to buy MLP's have many choices. Why risk $ in shares of a company that has been trashed? (Rightly or wrongly.) Personally, I'm buying, but the sheep have gone to the other side of the pen. What is going to move them back?
Thanks for posting, guys. As soon as I saw Barron's had timed their article for LINE's ex-div date, I knew it was a coordinated short scam.
Go to CPL website. Click on "Investidores." Click on English if you don't know Portugese. They list dates and payouts. Just remember, Dilma does NOT favor businesses or investors. Things are very different than under Lula.