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Kinder Morgan Energy Partners, Message Board

footnotereader1 1 post  |  Last Activity: Feb 26, 2015 3:40 PM Member since: Jun 1, 2012
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  • footnotereader1 by footnotereader1 Feb 26, 2015 3:40 PM Flag

    Trend continues. Operating income 67.2mm less 90.7 interest and 38.7 pfd div leaves a loss of 62.2mm before special items. Negative common equity 175.8mm or 1.40ps produces pfd equity of 16.07ps vs 25ps liquidation value. Never seen a company operate this long with common deficiency and never seen pfd shares sell for such a premium to book value. I doubt Benjamin Graham would invest in this!!