I totally agree as I stated months back (Revenue 16B, Marketcap 75B- NO OTHER energy company is anywhere close to this high of value)
MY EXPERIENCE is buy low (that could be 52 week lows or 3+ yr lows) I never chase a company up. I ALWAYS wait for a big selloff to buy (sometimes years)
Maybe Peltz will re-enter the picture with more support now, he own a ton of shares
Don't you think its a bit late- sounds like a typical analyst making that call AFTER the bottom has fallen out.
Actually PAA is one of my favorite MLPs, BUT I do realize it could fall further.
The fundamentals are still ok. I own many stocks (divs) and only sell when a business breaks down; the div appears fine. NO its NOT one of my favorites right now. That being said, stocks could fall much further with the 1st rate increase & a decent correction is certainly overdue, maybe its now occurring with current China problems.
The debt vs cash isn't a big deal as long as the $5Billion in revenue leaves enough cash flow. Actually $500M
in debt vs $5B in revenue isn't a lot of debt for a growing company; it costs $$$s to grow.
I didn't realize- now I understand the layoffs and why they started outsourcing those positions to India (ruining a good American Co)
I believe you have the answer- collect the approx. 10+% div EACH YEAR and drop in value 2-5% PER DAY Its your money to do as you wish
hivolt- Any dog can "have its day in the sunshine" BUT, WIN is a terrible declining company. There are a few posters that must be incredibly inexperienced, and somehow remain in love with it. Investing is what I do for a living, BUT I gave up warning these poor uninformed, and started posting "buy all you can" (people will eventually learn from EXPERIENCE- just hope they don't get hurt too badly)
Many different ways to evaluate these cos. TEP- Revenue 390M, Market Cap (total of shares) 2.7B
PAA- Revenue 38B, Market Cap 16B. TEP is INCREDIBLY expensive compared to PAA; PAA looks like a real VALUE compared to peers; BUT it comes down to buys & sells which dictates the price.