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.
Don't try to figure out why. Just stick to your long-term plan and ride with it. The daily jiggles will drive you nuts and cause you to make bad decisions.
I doubled my position last week at 68 and would have bought more if it had gone lower. Opportunities like that don't come along too often. I also bought more MMP and EPD.
It has nothing to do with ethics. It's the law. As an insider, he can't buy or sell or make public statements within a certain time period of material information being released. He seems to follow the law scrupulously.
I totally believe it. Most highly processed foods are either irradiated or loaded with preservatives to prevent spoilage. The long term health consequences are still unknown, but if you look carefully at McDonald's customers you'll see some of the weirdest specimens of the human race known to exist.
I've never been good at guessing what earnings will look like and the impact they'll have. I just kinda sit back and let the market decide what the price should be. Interpreting all this statistical stuff is above my pay grade, but thanks anyway for your work. I tend to take a longer term view and let the chips fall where they may.
85 is an excellent possibility. It's YOUR money, and it's up to YOU to set the limit price that YOU'RE willing to pay. Just be patient. Disappointing numbers will continue for some time. Don't be suckered by every false rally that comes along. Hold out for the price you're willing to pay, and be patient. Put in some GTC orders, and don't forget to renew them if they go past 60 days. A lot of orders will be bunched ahead of you at 85, so better to pick a price like 86, for example. MCD has become a surrogate for bonds, therefore it will move lower as interest rates move higher. MCD is no longer a growth stock; it's just a bond without a maturity date. As a growth stock its maturity date has passed.