They are also diluting they heck out of their stock. From 500,000 outstanding shares to 7 million - Hello! I could not tell if they even made any money in the fourth quarter.
"I to add to winners not losers...Good Luck!" That did not come out right - I mean "I like to add to winners not losers...Good Luck!"
I did - I bought more at $29.74. I am really kicking myself now - this loser is becoming more of a loser (breakeven is at $34.44). However, with monthly dividends and the purchase of BRY expect a good 2014. I will wait until after the Fed meeting on Wed before buying more or wait till next year. I don't want this to be a huge position in my portfolio which it is almost turning out that way. I to add to winners not losers...Good Luck!
It is not strange - it is all because I bought more LNCO thinking we would get a pop. Grrrrr - Still think it is a positive long term.
I was not paying attention. I would provide a link but Yahoo does not allow that any more. Just go to the Linn Energy website in the investor relations.
Yeah, they make no money - this is not a Microsoft. Obviously, MDDD is trading at .50 to $1 for a reason. There are many companies that have not made a profit...in at .605.
Check out techpicknews - they have some interesting (pumps) about MDDD. I wanted to get into a 3D printer company - and MDDD looked interesting as I actually got the stock from an email - I typically ignore them.
This is not a spam
I bought some shares .605 - only 250 shares but it is just a spec...may buy more in a month. See how it trades...
ETP also had that huge offering - you would think coverage and revenues are more important. I would still like to an inline EPS or beat as most analyst focus on EPS growth and future growth. It will most likely come to the conf. call tomorrow but in the end I am long ETP and would buy more if it goes below $50.
Kevin was on the CC and was going to ask questions but Linn Energy never took his call. That is according to Kevin Kaiser on Twitter. That sucks - I would of loved to hear what Kevin would have said and how Linn management would of answered. That makes me mad that Linn ignored him...even though I personally can not stand Kevin I like confrontations (I don't mean yelling at each other, that's childish) - best way to resolve issues.
Wow - you expect a dividend/distribution cut? I expect that LINE/LNCO will raise the dividend/distribution to $3.08 before all of this non-sense happened in May or so.
I would much rather be on the negative side then be disappointed on the positive side. That is just who I am - still believe LINE/LNCO would be fine without the BRY merger. I am sure I will be wrong again down the road.
I've upgraded my long-term sentiment to a buy - mostly because the SEC hangover is done and LINN can get back to business.