There's an old adage that you should cut your losses and let your winners run. This has been particularly true of EPD. I've very seldom made a mistake in buying a stock, but I've made many disastrous mistakes by selling. If I had held, and never sold, every stock I ever bought, I'd have a net worth today in the billions. Literally. When I began investing, the DJIA was around 520 vs. 17,000 today. It has taken me over 60 years of investing to finally learn to do the opposite of what my gut feelings tell me to do. It feels good to take a profit until you see the stock you sold continue to soar higher. My best advice is to forget that the word sell exists. Own good companies and stay with them.
The answers to all your questions is readily available under Company Events (right above Message Boards) and Historical Prices (4th down ion the Quotes section.) It's time for you to learn how to find information on your own and stop depending on others to do it for you.
That was then, and this is now. The sell-off was short-lived but very welcome by those of us who want to buy more. I'd like to see a much bigger sell-off so I can but a lot more a lot lower. Usually, I'm happy to see my stocks go up. Not this one. Not yet, anyway. I want more.
It's just the opposite. Usually dividend stocks go up right before the ex- date when the dividend-capture strategy kicks in (traders who just want in right before the ex- date and out as soon is the stocks recovers the amount of the dividend just to capture the quick cash.) I've done this hundreds of times, but it has to be a stock I don't mind owning if it takes awhile to get out. I won't do it with a stock like MCD that is more likely to go down than recover the dividend amount quickly.
Cramer is a total buffoon. He's the KISS OF DEATH for any name he recommends. Just another tout! Worst of all, he gives me a splitting headache. The U.S.intelligence services could use him to extract information from Islamic extremists. Just strap them to chairs and make them watch and listen to Cramer for an hour or two, and they'll say and do anything to get the noise to stop. Listening to Cramer is extreme torture.
I suspect that the BOD gave a lot of thought to the distributions when they decided on the split. As usual, they're playing coy with their intentions. I have a feeling the unit-holders will be pleased with their decision when they finally make their announcement.
I agree. There's a clear pattern here. Eventually, those who sell in the mid-$9 area will be faked out when the big run finally starts. Frost's massive accumulation plus the big outstanding short interest could create an explosion on the up side. OPK has all the classic signs of a potential short squeeze of major proportions. Just one piece of good news could start the ball rolling big time. The present equilibrium can't go on forever without one side or the other capitulating. Stay tuned to find out who wins.
Russia is the least of MCD's troubles. The whole world has turned against their horrible "food" for very good reasons. IT'LL KILL YOU! The present dividend isn't nearly high enough to support the stock at this level. MCD is headed down to $85... maybe lower.
Your point is well taken, but I'm very much aware of the prohibition that some funds have against holding stocks under $5. Many also prohibit holding stocks that do not pay dividends; that's why C kept the $0.01 (quarterly) dividend rate instead of eliminating it entirely. (C effectively cut the dividend by 90%.) That said, why didn't they do a 1-for-3 reverse? Why make it a $50 stock instead of a $15 stock? They took a stock that was "affordable" to millions more small investors than what they ended up with. In fact, the immediate reaction was very negative. The new $50 stock nose-dived to the low 20's in the months following the reverse split. After all these years it's still a $50 stock. I still contend that a high price, no matter how high, does not keep a stock from going higher as has been proven for many years by BRK.A and host of others. Conversely, a stock in the single digits is not necessarily "cheap" nor will it automatically attract more investors. Did the 7:1 AAPL split make the stock go higher, or did it go higher because of fundamentals? (At $100, it's probably still out of reach of some small investors.)
MMP unit price has far outpaced EPD, but they both look extremely strong. EPD is about to split 2:1 tomorrow (8/22/14). Not that it means anything, but I'm wondering if MMP might do the same. Splits are immaterial as far as overall value, but the psychological value still seems to give a price boost.
I'm totally amazed at the lack of sophistication of so many EPD investors! If having a cheaper share price is attractive to new investors, then why did CitiCorp (C) do a 1-for-10 reverse split when the price was around $4? Isn't a $4 stock more "affordable" than a $40 stock? On the other hand, how come Berkshire Hathaway A stock is totally unaffordable at over $200,000 per share, but it still continues to go higher year after year? The dollar price per share is meaningless unless it is looked at in the context of earnings, book value and dividend/distribution yield. I don't want fellow shareholders who can't afford $78 all at one time. Does a split hurt a stock? No. Does a split make the stock worth more after a split than it was worth before a split? Absolutely not. The only thing that matters is what someone is willing to pay for the stock and what someone else is willing to sell it for. That's what determines the price. Any idiot who buys a stock just because it is splitting shouldn't be allowed to be out in public without adult supervision and a short leash.
You're absolutely correct about Blackberry. POAGX had a humongous paper gain in RIMM and let it all slip away. They did this TWICE, not just once! Not only that, but they didn't own a single share of AAPL. They're still trying to live that down, but their performance for 2013 put them in the top 1 percent of the top 1 percent of the funds in their category (up about 54 or 55 percent for the year.)
My favorite fund, POAGX, has been in JBLU since around $4. They're still buying and added over 350,000 shares since the previous report. I think they're up to about 6,774,000 shares. Those guys were way ahead of the crowd in getting into airlines. I thought they were crazy, but that's why it's my biggest managed fund holding by far.
Thanks, but I'll keep mowing my own grass for as long as I can. It's my mental therapy and physical exercise. I only have about 2 acres, and I'm just 93. No riding mower for me; I'd rather walk.
Since you obviously don't know the difference between THERE, THEIR, AND THEY'RE, I have to assume you're an idiot.
Makes me wonder if the cutbacks are somehow connected to the anticipation of this announcement. Overall, AMGN has been a big disappointment as an investment for the past 14 years. It's up but not by as much as the S&P 500 Index over the same period of time. From 2000 to 2012, it just bounced back and forth between about $40 and $80 and went nowhere fast. Looks like we could be in for more of the same. AMGN might be a good trading stock, but it sucks for long-term investors.
I think in terms of dollar-for-dollar, not share-for-share. What difference does it make whether I have 1000 or 2000 shares if the dollar amount is the same? At the end of the day, it's the money that matters.
You probably should be. Whenever the thought of selling crosses my mind I just go outside and mow the grass. Then, I watch the JBLU planes fly overhead on downwind for runway 34 at HPN, and I know all's well with the world.
Price targets are meaningless numbers. All predictions should be taken with a small grain of salt. My biggest concern is that Jim Cramer just recommended buying EPD. He's an obnoxious buffoon and a tout. CRAMER'S THE KISS OF DEATH!
Are there any other MLPs besides EPD that offer a discount on their DRIPs? I participate in the EPD DRIP, and it seems almost too good to be true.
As a "long," I view the shorts as my friends. The bigger the short interest the better. Longs have the luxury of having a finite amount of risk. Shorts have unlimited risk. The more it goes up, the greater the pain (for the shorts.)
$20 is not beyond the realm of possibility, but I think it might take a few years to happen. The Primecap Odyssey Aggressive Growth Fund (POAGX) holds around 53.5-million shares of JBLU. The fund has had an impressive record and served me very well, so I respect the guys who run it. They got into airlines up to their necks when most investors wouldn't touch airline stocks. That obviously turned out to be an extremely prescient move. To be honest, I thought they were out of their minds.