Someone is taking advantage of the weak market to load up on OPK. I haven't seen anything to account for the strength, but I'll take it. The combination of the big short interest plus the huge pile of shares in very strong insider hands gives me a sense of confidence that the downside is not great and the upside is tremendous. Once OPK breaks out, and I believe it will, I think it could run all the way to around $10 or maybe even $11.
Looks like EPD broke out of the recent tight range to a new all-time high today (Friday, May 30, 2014.) I've given up trying to guess the top. I'll let you know what the top is after it happens. It seems as if whenever I sell at what looks like a "top", the stock goes higher. Then, I'm sitting on the outside watching it go still higher and waiting for an opportunity to get back in. By the time the pullback comes, it's usually higher than where I sold. I've missed the dividends (distributions), paid a capital gains tax, and have nothing to show for my efforts. My conclusion is that it's better to just sit back and relax until the fundamental picture changes. IMO, EPD is in the right business at the right time in the right place, and there's no reason to get out. As long as the company continues to pay an ever-increasing distribution with sufficient coverage to be comfortable, I'll just go along for the ride. My only regret is that I don't own a whole lot more than I do. Instead of looking for an opportunity to sell what I have, I'll look for an opportunity to buy more. I've been in this game for nearly 60 years, and I've seldom regretted owning stocks. However, I've very often regretted selling them. You people should follow my example, stick with what's working, and stop thinking about selling. You can learn a lot from my mistakes.
Without looking further into what you're saying, this smacks of a too-good-to-be-true scenario. Anything with a 9% yield immediately raises big red flags as far as I'm concerned. What worked in the past won't necessarily work in the future. Anything that boosts the return by a factor of 2 MUST involve increased risk by the same multiple.
I'd settle for clean restrooms for starters. Televisions are more of an annoyance than a benefit. During busy times (particularly lunch) there has to be some sort of time limit. WiFi would be nice, but it invites customers to linger without buying anything. That becomes problematic. The idea is to increase traffic that spends $$$ rather than sits around taking up valuable space at tables.
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.)
Zacks recently ranked PCL a #4 (Sell) saying the stock was overbought. I'm no fan of PCL, but Zacks has a dismal record. Just on the basis of the Zacks downgrade, I'd be on the lookout for an opportunity to start doing some cautious buying. Then, when Zacks changes their rating to a #2 (Buy), I'd sell. I've done this before with the Zacks rating system, and it works fairly consistently. In fact, I sold PCL at $50 when Zacks liked the stock. PCL dropped like a rock to $45 within days. Nice call, guys.
None of them are any good. There may be differences between the different brands, but they're all terrible. As bad as they all are, McDonald's is by far the worst. Their meat comes from old, retired dairy cows with tumors the size of basketballs. Many of them are too weak to walk and have to be moved with forklifts. They're so covered with excrement that it's hard to know what kind of animals they are.
The people at PRIMECap Group have been way ahead of the crowd in loading up on airlines (and biotechs). They had about 6.5-million shares of JBLU in the PRIMECap Odyssey Aggressive Growth Fund (POAGX) as of the October, 2013. For what it's worth, POAGX was up an amazing 54.8% for 2013 making it one of the best performing funds for 2013 and making me a very happy investor. PRIMECap takes a very long term approach; they're not traders. They also have an excellent record of picking takeover stocks, although that's not their main focus. I suspect that PRIMECap would be looking for even higher than your $15 target price but over a longer period of time than one year.
The more comments I see like faz239, the higher the stock seems to go. I'm not sure why, but some people delight in making themselves look as stupid as they can. Must be some sort of psychological defect that compels this sort of behavior.
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.
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.