I've always thought of buy and hold as the same. If you are holding obviously you think it is a buy or still cheap. You sell if you think it is expensive and buy or hold if you think it is cheap or still cheap.
I'm not worried about a raise in the dividend, I am worried about a cut. I've not expected a raise since the botched take over for Berry and once LINN Energy had to raise the bid price I was more worried about a cut both ways. 1. They needed to buy BRY in order to keep the dividend or 2. LINN over paid for BRY and may need to cut the dividend in order to fund it.
I guess the only hedge fund I know that is giving LINN Energy trouble is Hedgeye Energy. I agree with you crk00!
You don't invest in MLP's because of a buy back, you invest in MLP's based on the fact they will increase dividends. Most of the MLP structure is based on the fact 90% of the profit goes toward until holders.
I've liked LNCO since its IPO but have been wrong for the past 18 months (ever since HedgeyeEnergy & Barron's trashed it). I disagree with Cramer on LINN Energy & his check list is laughable. The market up 260+ points and now it is an investable bottom.
I think this coming earnings report will be huge for LINN Energy in terms of their coverage the past quarter and the coming quarter. Good coverage ratio, if their hedging is working and guidance will key if LNCO can go back up to $28 to $31. I expect a little run up to earnings ($25 to $26), that is if the market behaves.
I wish I could say the same - I do not have profits to take. My cost average is $28.59 and for tax reasons if I sell I am locked out for 30-days (wash rule) unless if I do not want to claim a loss on taxes.
Glad to hear someone is taking profits.
Speaking of buyback - it sucks LNCO is going up on DRIP day. I wanted to get the shares at $21 to $22 with the DRIP. Don't get me wrong, it is nice to have LNCO going up.
"Yes, I do the OPPOSITE because LEMMINGS like you "flood" the stock on his "recommendations" and then leave in DROVES once he says SELL, SELL, SELL! "
LOL - And around and around we go. Just because I watch Cramer does not mean I buy and sell on a whim.
"Even if a company is solid, Crammer's recommendations/Sells WREAK HAVOC on a stock's price! Of course I do my "homework" but I am also well aware of Crammer's NEGATIVE influence on the price of a stock! "
Holly cow, I actually do agree with you. I did the opposite when Cramer said he sold ETP for his Charitable Trust at $41 -$42 back in 2012. I bought in at $42 and now it is at $62. What can I say, he is entertaining.
So now that I listen to Cramer, I can't think for my self? LOL - Isn't that the same as you saying you do every thing the opposite that Cramer does? Does that mean you do no homework, just buy what ever he says sell?
"actually, you did say that! You said don't blame others!"
That was meant toward a broad base of people and of course you took it personally.
"I DO THE OPPOSITE OF WHAT HE SAYS! "
I mean really, name calling and bashing because I like Cramer? Grow up. First of all, people who listen to some thing or someone that you do not like are not idiots. Second, comparing me to a 3 old is funny but childish.
"I've never seen a guy get EVERY CALL WRONG, EVERY SINGLE TIME! "
He got FB, GILD, CELG, EPD, EOG and AAPL to name a few that he got correct but those don't matter.
"Stop putting words into my mouth. I don't "blame" him or anyone else. Just cause I don't like someone, doesn't translate to me "blaming" someone for my financial decisions! "
I did mention you? Most people do not like Cramer because they bought on his call and lost money. For someone you don't like (Cramer), why do you watch or read anything to do with Cramer? And if you don't watch or read his articles how do you know what stocks he picked?
I am one of the very few that like Cramer. People get mad that he flip/flops but facts change after couple days. Don't blame Cramer for your loses, blame yourself and be responsible. After all, he is not the one that took your money and pressed the buy order. Blaming others for your loses is a bad idea, if people would take ownership of there buys/sells and learn from their mistakes that is how you become a better investor.
Buying low is not good strategy all the time either. Look at the coal stocks for an example.
Not all in but LNCO is about 2.25X larger then any other stock I own. For the 50th time I think LNCO has hit a bottom.
Sentiment: Strong Buy