I read the report. Main concern is reduced margins because of higher light crude input and falling prices of products, especially asphalt.
Don't worry. He likes to drive his car with his eyes closed.
My feeling is that this puppy will be in a trading range for the next 9-12 months. When the new operations start late next year we should start to see a move. In the meantime, enjoy the 9% divi. I will be adding on dips, but, oh, I missed on the last one. Shucks!. GL
Downgraded to underperform by Credit Suisse. Says nothing about business operation. They are in a transition buying transport/storage sites and getting their refinery in Wisconsin up and running. IMO it will see 28 because of overall uncertainty in the market
Our friend fritzie, who (LIVES) in Newton, MA is hard to find.
On the subject of their fire sale, it might be interesting if the MD AG could take a peek about who those properties were sold to. It might bring in the crimimal aspects of their thievery.
I think $ for $ SPH is a much better holding, but I agree that CLMT has a lot of upside potential, whereas SPH is steady as she goes. All in all 2 good stocks.
Well put. I will start to nibble at $28. The stock has too much going for it, and once these business hurdles are overcome, I can see it going back to $36. I think that most investors will be struggling with both CG and Distributions, just as I am.
I know. I brought it up again because the downgrade by Credit suisse looks a bit strange for the pps to go down so much. Also, the downgrade may have been staged to sink the stock and have their clients pick it up on the cheap. Now I feel like a psycopath here (lol)
I'm not sure a few days on the Board and these characters would get the picture. I'm leaning toward bad earnings. What burns me up is that somebody knows and is dumping at the expense of the little guy. That's what makes the Stock Market a casino for the little gamblers like us. Anybody else?
Does anyone know when the annual shareholder's mtg. is to take place. I think the limit of 20% for CI will be lifted then. I'm looking forward to this because CI will probably become active at that point. GLTA
Why do you think so? I may be naïve here, but CI can't go over 20% and he is in the minority on the Board, unless he somehow has the majority of shareholders behind him. That may be the answer.
Don't get your hopes up. This stock is being manipulated as I have never seen befor, and the big players are holding their cards close to the vest. I wish I had never gotten back into this POS. The only grace is that Icahn is losing $$ just as many of us are. I will take $24 in a flash if it comes.
I really don't understand what the problem is all about. The are MAKING MONEY!!
Some folks think that the business grows perpetually and the stock never goes down. Well, they are stumbling at this point. But that's why Icahn came in. He sees gold where most little fries see trash. I agree. At this point NUAN looks like a POS. That's why I bought more at 14.
I did just what you say. I bought again back at 18 because, as many other here say, Icahn knows how to manipulate the potential of a business. His track record should be a hint. You need patience here, and if it dips below 18 I will be adding. GLTA
IMO when he bought, NUAN looked good as a go-it-alone and grow the business. When he got the 2 seats he found the truth. Now he's looking for a buyer and break it up for the pieces. My guess is that he is buying at these low levels and make a quick profit.
I have been following Inergy for over 2 years, have bought them along with Suburban Propane, and have made a ton. I have to admit that they made some smart moves. Now comes CMLP, who gobbled up Inergy. If the inseders have been buying on the new merger, can they be wrong? I think CMLP is a long term play and well worth buying today, considering a 7.5% divi. Anything wrong with that?
The announcement should be any day next week. The last payout was 8/14 and I believe the ex-div date was around the beginning of Aug