I've been looking for a chance to get into MCK, it would appear this is one, I just have one question....Why isn't this stock up on what seems blowout QTR in every respect??????
Not just EPD, whole MLP sector the most hated on Wall street, EPD now $7 lower than when oil was in the low $40's. Can't sell now, will take years of dividends to get back even close to what my cost basis is. I've been investing in MLP's since 2000 and they've always come back, HANG IN THERE!
Well put, I own PAA around $47 and has been pretty steady earner for me till the spill. I have enough money left in that account to add another 200 once I'm convinced it has bottomed. I too believe that the bad news is already in and it will recover into the 50s.
GBX my largest holding, Low PE, Great earnings, Longs will be rewarded, stick with it.
Sentiment: Strong Buy