Chrisbar, If you are so down on the stock, then what are you doing here? Don't tell me, you are losing your shorts, and the rear end is out in the open. Shame on you. Now lick your losses and cover up!
Excess borrowing and more dilution to the tune of $500M. DJ up 280 and CLMT down, while refineries pps are on fire. We will start to feel the pain.
Your Q1 2015 estimates don't take into account these recent borrowings. I think we will feel the pain down the road, when the DCF requirement will increase by $16M and their interest up by another $23M. I bought in 2 yrs ago because I believed (and still do) that their expansion into refineries was a good move. I'm just concerned about the sustainability of the $2.74 dividend. JMHO
Almost $500M in the last 30 days. I'm having 2nd thoughts about their purpose. I think it's ill timed now that their are trying to get refineries going. My guess is that their DCF ratio will go below 1.0 again, and we all know what happened there, the pps went from 33 to 19. Let's hope I'm wrong.
If there is something wrong with the people on this board and you are on this board, then you should know that there is something wrong with you. Not to worry. the secret is safe with us "loonies"
Good for you, and I hope your options work out; But for LT holders it's a different story. The fact that they are diluting to pay new investors 11-12% implies that they are operating on the edge, especially because rates for revolving credit are much lower, or even to float notes at a lower rate. Our saving grace is the dividend, hoping that their DCF ratio stays above 1. BTW, i read somewhere that their price for the new units was 24.78, not 26.75 as they were hoping.
Sorry for the wrrong comment. It makes no difference to me whether it goes up or down because I'm in it for the long haul and the yield. I,m a bit disappointed at their SPO considering the fact that they are already overextended. They seem to bite more than they can chew, where they can get their refineries to be up and running first. GL
TP, It boils down to pay me now or pay me later, except as you point out that the capital gain rate MAY be lower (15%?). So, it really depends on the individual tax rate level for my taxable income. My only nuisance may be to explain my approach if questioned. Thanks for the help.
Divi, Hope CMLT is doing better for you than SPH. I thought that one would go to 60 after the Inergy transaction. Obviously they screwed up integrating the propane expansion. Their saving grace is their decent distributions.I'm doing well on both. GL
William Pecker, more or less. He has been touting MCC to go up, and it's not going anywhere except South. He did admit that the external mgmt is under investigation.
Rather than wait for a k-1, I have been treating the distributions as ordinary taxable dividends, I know that the IRS makes money on it, but the early filing for me is more important as I can offset that taxable income with real estate deductions. The broker gives me that dividend total at the end of January, allowing me to file early. Can what I do come back as a problem later on?
BTW: H&R Block has the K-1 form with a less expensive version of their tax program.
He is talking about MDLY. He owns (or so he says) MCC. Should be no surprise to see it at 8. It went from 17 to 10 in less then 6 months, when the market was hot. They did it again, peddling garbage shares to suckers.