Frigator mentioned oil related defaults. The" baby may be threw out with the bath water " LINE, BBEP, MEMP,LGCY, VNR all have bonds currently Discounted from 13% to 21%. Good Bonds may be available at a steep discount as sector defaults increase. I currently have small position of LINE yielding 12+% on 5 year duration.
Opie, When did you become a moderate? When Obama had a good popularity rating you fetched his water:) an Obamacare cheerleader of the highest order for years. Your record follows you:)
the management is managing the company with 2.5 Billion in liquidity. Stock fairies run the MB:)
Check Cousin Barneys post history. He says he owns thousands of shares of every stock with a MB.
When a person with no investment experience takes control of his IRA and tries to invest on his own, the Cornerstone Funds and some REIT like ARR attract there attention because of big sounding yield numbers. They soon find as I did they are walking on quicksand. Lessons must be learned and money must be lost to gain experience. My advice is to tread very lightly and watch it work over a year or so if you have the patience. At the present time cash is a excellent position. After a big correction move in to all stock ETF or Mutual funds and some SPY .
StealingAlpha is the province of nimrods and fools. You can get the same bad advice on this MB. This is a Commodity Oil price issue for all petroleum stock particurally UpStream, it's not a Linn Energy problem more than other E and O operations. When you have a moment check out VNR,BBEP, MEMP, LGCY ect
the only logins i put on ignore are the insane spammer trolls. This MB does not have one. Opie is ok he just has his Opinions:)
the Market is a lottery. Those that act like they have the answer are often wrong. Icahn, Buffett and Mr.Phil are hitting a rough streak of late, but we will get over it.
You are wrong. MLP are not required to pay a Dividend no matter how much money they make. You might be confusing a MLP with a REIT.