Kinder Morgan (KMI +2.5%) urges shareholders to reject an unsolicited offer from TRC Capital to purchase up to 4M shares of KMI's Class P common stock, saying the offer was 4.5% below the closing price when it was made on Nov. 11.
TRC Capital recently launched similar mini-tender offers for PayPal, Yahoo and AT&T shares, among others, and each company’s management has asked that shareholders reject the offer.
Such mini-tender offers can drive the stock lower, as happened with KMI: Shares closed at $23.35 on Friday after dropping as low as $22.57, a new 52-week low, before moving back up today.
I think its a dam good entry point. If you believe all the post's negatives and that KMI is going down the tubes, well stay out, but down whine later on when oil starts to rise. Your question also relates to every MLP's. heir all down and super entry points. You just have to have the balls to get in.
Not good, but falling in line with all the other MLP's.
•Reports Q3 (Sep) earnings of $0.78 per share, $0.13 worse than the Capital IQ Consensus of $0.91; revenues fell 53.7% year/year to $728.4 mln vs the $1.12 bln Capital IQ Consensus.
Hit a high of $122.28 today.
However majority of analysis have a sell rating.
I'll wait and hold.
Glad someone finally acknowledged BX is a "LP".
If your in a regular brokerage account, better keep all records of distributions.
Blackstone's cash earnings are "decisive" and "consistently positive," as evidenced by the company's earnings report, Oppenheimer mentioned.
The stock has always traded at a premium to competitors, and with a strong cash earnings outlook it is "compelling" at the current valuation, according to Oppenheimer.
On Thursday, Blackstone reported a loss of 35 cents per share on revenue of $32.2 million for the most recent quarter.
Separately, TheStreet Ratings team rates BLACKSTONE GROUP LP as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
We rate BLACKSTONE GROUP LP (BX) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, solid stock price performance and notable return on equity. We feel its strengths outweigh the fact that the company has had sub par growth in net income
Good time to get in at current price.
You realize that it is a MLP.
Pays a distribution, not a dividend.
OK to hold in an IRA, but more savvy required if held in a regular brokerage account.
Kinder Morgan (KMI +2.6%) extends its 20%-plus rebound since Sept. 29 as the Markit research firm says it expects KMI will raise its Q3 dividend by $0.01/quarter, bringing KMI's annual dividend to $2.00 and current yield to 6.7%.
It's only a 0.5% Q/Q increase, but any increase at all should be cheered by investors given the recent pain in the midstream energy sector.
KMI has raised its dividend by $0.01 every quarter since Q1 2014 with no exceptions, and it has declared its intention to grow its dividends by 10% each year during 2016-20.
◾43.66% is the gross profit margin for KINDER MORGAN INC which we consider to be strong. It has increased from the same quarter the previous year. Along with this, the net profit margin of 9.61% is above that of the industry average.
Time to back up the truck and load up!
Sentiment: Strong Buy
You are absolutely wrong!
I learned the "Easy" way from G T Getty, do the opposite from what the majority does.
Hang in there KMI shall return!
Sentiment: Strong Buy