Here's another interesting article (interview) from Motley: http://www.fool.com/investing/general/2015/06/28/the-biotech-drug-lord-how-one-man-is-conquering-th.aspx?source=eogyholnk0000001
I'm long both OPK and BRLI, so don't bite my head off. I haven't seen this mentioned here, so it might have been missed.
I'm not scheduled for an appointment until late August with my GP and my urologist until late December. I'll be at a party on Sat with about 30 doctors and about 5 malpractice lawyers. I'll see if anyone has ever heard of Opko. The last group of doctors I asked just gave me blank stares. Opko is not a well known company in my part of the country, but we know a lot about GE.
When did the Supreme Court get into the business of rewriting laws? I thought that was the job of the Legislative Branch. The part of the tax code I was referring to is the allowance of a stepped up cost basis upon death, not the tax treatment of MLP distributions. The whole subject seems to have died down and may stay in the shadows until after the 2016 elections. Meanwhile, the rout continues unabated.
Agree. Most MLPs are proxies for bonds but with a small kicker for the preferential tax treatment. If (make that a BIG IF) the tax laws are changed to take away some or all of the tax benefits of MLPs, the whole group is in big trouble. There was some talk of this happening, but it seems to have gone underground - for now. The lack of any bounce following the trouncing they took yesterday, is a clear sign that there's more downside from here.
Cramer is a professional tout. Occasionally he gets lucky, but his overall record has been terrible. Follow his advice at your peril.
The steady price erosion could continue to feed on itself for a lot longer than you think. Coal stocks are rallying on the SCOTUS ruling, and this is bad news for gas and oil pipelines. I still think it's too soon to start buying MLPs here. Too many negatives and too many unknowns. MMP could easily visit the 60's before this sell-off is over.
It's too late sell and too soon to buy. I sold my ETP at 59 right before the last distribution and don't plan to buy it back for as long as the MLPs are getting crushed. The trend and momentum are clearly lower with no turnaround in sight. If the tax laws regarding MLPs are changed, it could change the whole MLP landscape.
I couldn't agree with you more.
I've seen loads of outright profanity that they missed, but they censored out CR00K! That's laughable. If you want to see extreme abuse, take a look at the GE message board. Let's see what they do with CRUK. I suspect the censorship is done by a bot that just recognizes certain words to be zapped.
How's that split working out for you? Did it accomplish your goal of making EPD more attractive to individual investors? Where has the price gone since the split? Here we are, nearly a year after the split, with EPD unit price significantly lower. New, small investors who are lured in by a split are the first to cut and run when the price goes against them. That's part of what we're seeing now. Splits are not the panacea you think they are.
butitom.... thank you for one of the most intelligent posts I've ever seen on any Yahoo message board. It is well written and clearly explained, and it dispels some widely held misconceptions. I have my own theory of what might be causing the malaise in the MLP sector, and I fear that you're not wrong about the "sinking ship."
I just saw an article about that, but I can't remember where. I sold around May 1 at $59 and have been on the sidelines since then. After hitting a new 52-week low today, I'm inclined to stay out for now. My guess is that it could get down to $52 or 51 if the present trend continues.
The word that Yahoo censored is the same word that Richard Nixon used to say he was not.... a #$%$. I never knew that #$%$ was a profanity. Yahoo is going a bit too far with their censorship these days.
Martha Stewart found out the hard way that one does not have to own more than 10% to be considered an "insider." She got information from the CEO and traded on it. She went to federal prison. That's just one of many recent cases in which someone who had information that was not publicly known got nailed for trading on "inside" information. The 10% rule is true, but that''s not the only criteria for being an "insider." One does not necessarily have to own stock to be deemed an insider. Having non-public information meets the standard. If Dr. Frost is buying (or selling) Bio-Ref and not reporting it to the SEC, AND if he has information that would have a material effect on the stock, he's in violation, IMO. From everything I've seen, he is very open and transparent in all his dealings with the public and the SEC. Therefore, I very much doubt that he would do it secretly. In fact, he seems to want it to be widely known that he is buying OPK. Why would he treat Bio-Ref any differently? It would make absolutely no sense (unless you believe he's a #$%$. I DO NOT!)
I hope you're right. I already have 4200 units of EPD. I also have 8000 units of MMP. That brings my investment in the MLP sector a little too high for my comfort.
I seriously doubt the margin call theory. It's a simple lack of buyers driving the price lower. Is EPD a buy below $30? I'm inclined to wait. The momentum is decidedly in favor of lower prices. Is it a buy at $27? $25? I'd rather wait for some signs of a recovery to buy. As I've said, it's too late to sell and too soon to buy.