For ETE, Kelcy and a few others really blew it on the Williams deal. They paid way too much and put both ETE and ETP in jeopardy. If there is any consolation, Kelcy is feeling the pain, too. I think that he owns over 150,000,000 shares of ETE..
Question: What do you want them to say? "I am sorry, Yes, we screwed up." "I promised we will do better!"
Is this what you expect? The facts are the facts. If you listened to the last conference call, the message from Kelcy and the boys was that all "blue skies" were ahead. You either believe this or not. If you believe it, this is one Hell of a Buying Opportunity. You buy your stock and take your risk, otherwise you can put your money in a CD and collect 1/2 percent for 6 months. Take your choice. The choices are courtesy of your Federal Reserve, the people who pledge to protect you and your rights. Send your complaints to them.
I can't help but notice that the current book value for AGNC and MTGE are significantly higher than the current market price. If both of these Companies went "belly up", and the Companies liquidated their assets, does that mean that the preferred's would get paid off at their $25 level?
To be honest with you, Bud, I am not really concerned with the shorts. I am more concerned with the management of this company. There are several things that this Management can do to "feather their own nest" to the detriment of the shareholders. I am waiting for the next hammer to drop as a result of moves that this management takes. Good luck to you.
Today (12/9/2015), he said he sold KMI at $40. You got hosed by a charlatan. All of these CNBC (*&^ heads are entertainers, not fiduciary advisors
Good Luck on that one, Dude. I can tell you that you will spend $1.00 to get $.25. The lawyers will take the difference. Suck it up with the rest of us.
If you or anyone else thinks that "ole RK" cares anything about you or your investment, think again. I see this as an attempt to take this Company private. Tomorrow, I expect a lot of selling from shareholders who relied on the income from the dividend that this stock paid. What an opportunity for an "old fart shark" to go into the market and snap up shares and later take this behemoth private. Sorry folks, old RK was not looking out for your benefit. Remember RK got his training from those astute managers at Enron. Did you expect anything different?
As much as I hate to admit it, a dividend cut on this stock may create a bottom here, or maybe even a short term rally. I think that no action at all by the Company will cause this stock to go down to high single digits. I would love an opportunity to trade my JAN 22.5 puts down to 17.5 and sell JAN12.5 puts, too. However , it is a #$%$ shoot. I have a feeling that this company will do anything to insure that its credit rating remains above "junk" status. I guess that their main options are to sell off assets or cut the dividend. I don't see RK selling off any assets. Good bye, dividend or some part thereof. Now, it is a question of how the Market interprets the move. I am thinking that this stock will rally if they announce a dividend cut (or suspension) in the next couple of days.
I am going to trade my long 22.5 puts down to 17.5 and sell 12.5 puts, too.
Let me see if I get this right. KMI management releases info that basically reaffirms its revenue and dividend coverage. It restates its plan to increase dividends between 6 and 10%. An hour later, the same management says it is reviewing the dividend for a possible cut so that it can redirect that cash toward its capital plan.
What is going on here?
my condolences. If you have some extra cash you want to burn, let me know.
I have some news for you "hot off the press". KMI is no longer a master limited partnership. So much for your credibility.
This is the ultimate kiss of death. Notice how Cramer did not say that "he" thought this was the bottom. It is called "plausible deniability". Anyway, the stock is down over 40% in the last year and still has a PE ratio over
40. I am holding but I have a JAN put covering most of my position.
This is not capitulation. When you think the worst has happened, it gets worse. The Bear Vultures are just picking the meat off the bones. They haven't got their fill yet.