Apple would have gone up regardless of splits. AAPL went to over $700 before the split. Lack of a split hasn't seemed to hurt REGN or a whole host of other high dollar value stocks. Those who use brokers that charge a per share commission will have to pay double to sell. The "little guy" buys stocks based on a dollar amount, not number of shares. The odd-lot differential and premium/discount disappeared back in the 1970s, so there's no benefit to being able to buy 100-share lots. There's no longer any benefit to anyone when a stock splits. There's an unnecessary cost to the company. It might provide a "feel-good moment" to some shareholders, but there's no economic gain. Even thought the total value of all stocks is many times what it was in past years, the number of splits is far lower. In fact, there are now more reverse splits than conventional splits. The 200 shares of AMGN that I bought in 1987 are now represented by 9600 shares, and I'm perfectly happy to leave it right there. If you're thinking about splits, you're living in the past. When AMGN goes over $2000, I might be a little more amenable.
ARG is a conundrum. On the surface it looks like a relative bargain based on both the fundamentals and the chart. The recent boost in the dividend had absolutely no effect. This message board looks totally deserted with almost no participation by individual shareholders. I don't presently own ARG, but this message board gives me absolutely no reason to be interested in buying it.
Looks like someone just cleaned out all the sell orders from about $14.75 to $14.99 in less than 10 minutes. I can't imagine who might have done such a thing on a quiet Friday morning while no one was looking.
Considering the relatively low - but rising - price of crude, this could be an opportune time to grab some bargains. It's a lot less likely that a bidding war will erupt than it was a year or two ago when prices were a lot higher. So far, oil prices have done almost exactly what I predicted here in mid-2014. Those who were looking for $40, $30, and even $20 oil are still waiting. The dramatic shakeout in mid-October, 2014, was the chance of a lifetime for investors with guts. No guts, no glory. $85 for MMP is now within easy reach. $90 can't be far behind.
If you don't like it, don't read it. No one is forcing you to read or post anything on this or any other board. You may not agree with what is written, but an expression of opinion is fundamental. You're free to put anyone you find annoying on 'ignore.'
How did that trade work out for ya? Did EPD ever drop to $25? Did it even get below $30? Was Cramer's call right? As I said below, Cramer is THE KISS OF DEATH!
So far, the split has been a huge bust. The unit price is lower today (4/22/15) than when it split. The only thing the split did was to seriously mess up the historical price data that Yahoo is reporting. Here we are 9 months later, and Yahoo still refuses to correct their error. The chart is meaningless - and very confusing to new potential investors. The distribution increases are still increasing by exactly the same percentage as before the split. Nothing good has come out of the split, except that you have the dubious privilege of paying double the commission to sell.
Can't afford to sell. My cost basis is somewhere around $1.95. I'm in 'till I die.
Opko is a "development stage" company. That makes is extremely difficult to value the assets with any degree of certainty, which means that any offer will be way below the eventual potential value. I'd be a lot happier to wait and get a better price based on actual sales and earnings rather than take a huge discount based on no demonstrable history. Dr. Frost impresses me as someone who likes being in full control and who has the patience to take things one step at a time. Most longs have a nice gain at the present price, so I see no need to cut and run when the party is just getting started. (Sorry shorts.... you're screwed!)
You're definitely right about Cramer. GE is typical of his mistakes. He's a total buffoon, a fraud, a professional tout, and a clown. He was dead wrong last October when he warned to avoid the MLPs. That was right at the bottom.
IMO, MMP and EPD are top rated, financially strong, and have good distribution coverage. The yield on both are lower than average, but that's because of their coverage ratio. The others you mention are also excellent, but I lean toward MMP and EPD. When oil is plentiful, they make lots of money on storage. When oil is moved, their huge pipeline network is very beneficial. Earnings are less important than distribution coverage when it comes to evaluating MLPs. Gulfcoastwocher (below) has it right on the split error. I've been trying for months to get this changed, but Yahoo doesn't seem to care that they're disseminating wrong information. EPD has also been trying with no success. Use another chart to get the correct picture.
I don't put all the blame on Immelt, although he hasn't been wonderful for GE. Welsh was the guy who loaded the company with financial operations that GE never should have been involved with. It's fine for GE to finance stuff that they sell; most big companies do that. It increases sales as well as generates extra profits over and above what they make on the sale. GE is not an easy company for any one individual to run, and Immelt seems to be in over his head. Welsh was in way over his head, but he was a master of self-promotion and a lot of bluster and hype to push the stock price. It all came crashing down on Immelt who also got hit by 9/11 at the worst possible time. GE stock price will probably recover - someday - if they can make the present businesses work. Meanwhile, the dividend seems to be safe and fairly generous. Don't expect a lot, because you probably won't get a lot.