I do, though I sold half a week ago. Look for KFN to trade at a little less than .51X KKR, continue to pay same dividend until deal closes.
Any thoughts on where this settles out price wise? I'm thinking the spin-off/secondary is a terrific trade opportunity but I'm not sure how far to push on the entry price.
Actually, it does agree with DAR. It is digesting the secondary with little effect; it understands the nature of the secondary and likes it. OTW, the stock would be selling off far more. Good buying opportunity.
I never read Zacks' notes. They're a waste of time, unless you'd like a laugh. Today, they managed to comment on yesterday's price action without even mentioning the spin-off. Then, as usual, they touted two other stocks I'd never heard of as better. Save time by laughing now and ignoring their note.
Answering my own question--no one is selling. Volume much lower than average the day before their presentation tells me people are hoping for good news from management.
I did that last night--BWS looks like a one man band. Reminds me very much of the flap Hedgeye caused with LINE, which generated lots of free publicity for Hedgeye at LINE's expense. Imitation is the sincerest form of flattery. I'm buying on Monday.
M* is optimistic, their take could have been written by B&W. Stock closed just below their $68 fair value, but well above their buy price of about $40. They expect DCF to increase 35% in 2014. I'm with M*.
Quoting from the CFO during the CC:
"We expect to deliver sustained 15% annual distribution growth from this new baseline. The distribution represents an increase of 23% versus the third quarter last year and 10.3% increase versus this year's second quarter."
To achieve this goal, they need to get to $2.30 by this time next year, Sequential bumps of 6,7,8 and 9 cents will do the trick. I have not looked at 2014 estimates yet, but given their current 151% distribution coverage and the number of projects coming on line in 2014, I see no reason to doubt their word.
Are you sure you're on the correct Board? ACMP has not posted a two cent distribution increase in at least the last five quarters. As for the future, if Stice says 15%, it will be so. At a coverage ratio of 151% after this increase, they could have posted a bigger bump this quarter.
Q3 earnings forecasts per TDAmeritrade are $.23, less than PY Q3 of $.27 but only a penny or two more than CY Q2 and Q1 actuals even though the stock is up from the end of Q2. Estimates for 2014 are also about $.23 per quarter. I assume these estimates discount anticipated share buy-backs. If so, total earrings may actually be forecast to decline. Where's the catalyst--analysts don't see one.
You will like the effect D's MLP has on their bottom line; it is why I own D. Financing costs and income taxes will be less than without the MLP, D will retain control of the assets and best of all, as the GP for the MLP, D will eventually receive an out-size share of the MLP's cash distributions.
If you don't know how an MLP works, Alerian and others have some good MLP Primers on line. If you want an example, look at how much OKS contributes to OKE's bottom line.
Along with a basic understanding of financial analysis, you need an understanding of why you were able to sell this company that "...can never make money..." for a "large profit."
If your comments are actually meant seriously, you should stick to savings accounts and CD's.