For what its worth which is not much Goldman and Suntrust cut their 12 month target from $28 to $20. At least the company is viable. None of these financial wizards were even close to your call. I hope you are right on the upside.
Credit Suis. just lowered their 12 month target to $42. Current Merrill is $46. I find it hard to believe that from these levels there will be a rise of 100 percent next 12 months. Hopefully at least they believe that these
companies are real and sustainable. This does not mean that I believe these clowns totally. Never quite sure what universe they function in. Hope this helps, I am a holder for years and have given back a good deal of my profits.
The bottom comes when the closed end leveraged funds do not have to liquidate. Keep in mind that there are more today then ever in this space. Most analyst price targets for ETP call for a 65-75 percent increase over 12 months. Grain of salt here these were the same incompetent clowns who predicted ETP and others were toll gates and had little to do with the price of oil.
D1-You clearly were right on re. the downside. Your calls were better than all of the fancy reporting coming from the brokers, I rode this down and hope you are right on with your upside call. I commend you for your accuracy.
Analysts for these large companies are not held accountable. Merrill just downgraded KMI from a target of $42 to $25 pricing in a 50 percent dividend cut. Eventually as they reduce their targets they will be correct, however forgetting about all of the clients that bought at a much higher print. They should be accountable just like in any industry and be terminated when they are this wrong and in many ways dishonest.
I agree with you. To hit their target prices over the next year they would need a 100 percent move. Clients lose money and the analysts who are so far off are not held accountable.
Merrill just reported on the recent purchase and reiterated price of $42 with adding they expect the div. increase to be at the low end 6 percent. I certainly hope they are correct. In fairness the sellers on this board have been spot on, will give them thay.
I am in the same boat. Own many closed end funds also which have gotten hammered. Reinvesting dividends providing improved cash flow but not enough to offset the declines.
I am the same as all of you. When I sell it will be the bottom. For what its worth on or about 11/6 Credit Suisse raised target from $67 to $68.
I have no problem with your correct calls on KMI as you have clearly been spot on. I just find it sad that you seem to enjoy other investors losing money. I suspect based on your style of writing you probably have
little of your own. Feel free to brag if it makes you happy.
He is not making it personal he obviously has nothing else to do with his life to bash a
position that he does not own.