I agree! I've been in about 11 years or so. Seen ups and downs. Around 7 or 8 years ago they went from mid 30's down to 19 fairly fast. Then went to 50 and now down a little. Don't know about all the business aspects of the company, just know that even though maybe not a lot of money, it's my largest holdings. The bad thing about this stock is it pays so well on the distributions, I'm just bout at Zero cost basis! But, then again, I'll just have to start paying regular dividend return but can't sell it and give it all to uncle sam!
Just curious, without a k1 how would your cpa know the profit or loss and expenses and such of a company being a mlp being your company?
With todays price breaking a 52 wk high even after that news, I hope every qrt reports such bad news. There is always a reason a stock hits highs, and maybe little people don't need to know. But, I've had this for about 10 years and it's very close to being able to enhance my retirement income. I'm avg about 27 so the div is a little over 10%. Lots of luck everyone that's long!
APU is an MLP, you file taxes off the K1 the company sends you. I've been very lucky with this company over the last 8 years or so. With being avg at around $27 in this, the return is a tad over 10%. Good luck!
I hope not to jinx my holdings, but it IS great to see up over a buck. I just think that with the amount that I have, I'm a little gunshy of adding a position here. I have a lot of my holdings in this for the great div, (roc).
Well, I've been in this for a while and my average is about $27, so my div rate is about 9%. But I've taken the div's as return of cap and reduced cost basis, so I really never want to sell. But I still hate to see selloffs like this with no news. Everyone please fill up thier grill tanks!
If it gets to 40 again, I'll plan a party! I've been in this thing for almost 2 years and I'm in a little over $12. I know the shoulda-coulda-woulda, but hope the south will rise again.
I wish that someone, that's not short, would comment on why my stock here is taking a dump with no news? Can I thank Greenspan for this or what? Losing a couple grand a day is getting annoying with my little portfolio.
I've finally found something to agree with and post here. I'm averaged at $27.19 @ 1600 shares. I've had it for a few years, buying on weakness. Love the 8% div and I let it buy more commission free through re-investing with my broker. This is a large position considering my portfolio is not huge, and I feel it when it drops like this, but I don't want the paperwork involved with selling this mlp. Anyone that has sold knows what I mean. I also enjoy having the div paid as tax deferred as it's a return of capital. Just my 2cents. Paul
I don't post very often, because I'm not smart enough to comprehend what most people on the board are talking about. But it does amuse me when the stock falls, it brings out the shorts commenting and vise versa for the longs. All I understand is that I got in late 2003 at 11.53 and I enjoy the big dividends I've been getting. Thanks all!
Being that I'm not able to do technical analysis on a stock, and that I'm more a "flip of the coin" kind of investor, whoever or whatever made the stock go up 8%........please do it some more! (gr) Better and more exciting than sitting in a bank drawing 2 or 3% per year.
Any advise here would be great. I do my own taxes each year, but this MLP has got me stumped. Is it my understanding that I claim the interest income on the K1 and all distributions are return of capital and lower basis? The K1 instructions with all the IRS forms involved I'm assuming is after you sell? This has gotten me a great return and appreciation of stock value, but if I have to pay someone to fugure this all out, the MLR may not be for me. Any help? Thanks in advance.
I haven't owned this through a stock divi yet, but it seems like the date for the last 7 years, got one day shorter each year with the last being 27 Feb, 04. Anyone have info and when or if it may be this year, As past goes, I thought it would have been 26 Feb, 05. Thanks, Paul