Out of 16 analysts who follow Sunoco LP, four say it is a STRONG BUY, six say it is a BUY, five say it is a HOLD and one believes it is an under perform. Ask yourself one question. Is it possible that one analysts knows more than all the others combined? My best judgment is: Highly unlikely. I'm in the BUY to STRONG BUY category.
This is an area that the Securities and Exchange Commission is responsible for watching. But despite the billions they spend, they always claim that they don't have the staff to watch all the crooked operations and their lawyers rarely bring anyone to court. Remember Bernie Madoff? Despite informers with documentation , they ignored that situation and it costs some investors a great deal of money. In order to get appointed to head the SEC, you have to have a lot of backing by the financial community. If a true watchdog ever gets that job, he gets kicked out fairly quickly.
Suspect good many investors will use this pullback to add to shares or take advantage of good entry price. Dividend and earnings look solid with gasoline consumption set to climb to record this Summer, according to the U.S Energy Information Administration. Oil price $51 plus today.
Former DOJ criminal justice lawyer says the government would have to prove that the former Secretary of State had some "criminal intent" in handling Emails as she did. He said there is no evidence or way to prove that. Case dismissed.
If one does not understand the correct usage of intellect versus intellectual one should not get into a discussion on the matter being discussed here. One will have a hard time convincing others if they show such ignorance as demonstrated.
Looks like some of the large holders are throwing in the towel. With market moving closer to new highs, not a good place to be in a big selloff. Those who have gone through a bear market know what to expect. Folks with big profit may also be taking some off the table. With all the lawsuits, taking too long to close this deal and a bear market is not the place to add 20 billion in new debt.
Couple of million shares bought past two days.at $47 and above. Now as the $4.8 million shorts cover we can see the shares return to their true value. This is one of the cheapest growth companies currently trading.
EPS is a healthy 10x and dividend looks safe. Over half of S&P firms reporting declines in sales by comparison. GEO shareholders have enjoyed three stock splits in 20 years. (total of 6 for 1) Guess why over 90 per cent of the shares are held by institutions. Long-term holders, enjoy your dividend in this age when it is HARD to find reliable, conservative places to put funds.
Williams needs to hire three or four more law firms. Only three suits over one merger. They've got to make this into a Texas-sized litigation. Someone call Jones-Day in Dallas fast. Lots of legal work to be done.
If you go to ETE under Key Statistics on this board, you will find the 50 and 200 day averages which are calculated daily on the column on the right side. Yahoo says they use "multiple data sources."
ETE has soared above the 50-day (8.20) and the 200-day (12.19) moving averages and is in an uptrend. People who fight the trend end up as losers. Same thing as investors used long ago when they said never fight the tape. The grave yard is full of the bones of those who tried unsuccessfully to fight the trend.
Looks like ETE (the bridegroom) is going to kick this bride (WMB) out of bed before this wedding takes place. Judge may call for a shotgun wedding if the price of oil continues to climb. That's the best solution for this wedding to pan out. In that case, all of the shareholders should benefit. Stay tuned. The plot thickens.
Deal is not going to be a non-taxable exchange under IRS code. Heavy taxes will wipe out much of the benefit WMB holders expect. Reason ETE has soared so much in recent days is because smart investors know what the outcome is going to be. With recent jump there'll be a short squeeze which will benefit ETE traders.
Those of us who bought at 3 expecting to make a buck or two feel like we ended up with a ticket on the first ship to the moon. Shorts will have to beg to get their shares now. Naked shorting has always been a dangerous game and looks like this could be the Mother of All short squeezes.
If price of oil can stay in the $35-$45 range (preferably higher) then deal will probably go through. If oil takes another big plunge back to the mid-20s, I don't believe it is going to work at all. Seems to me that the people who negotiated this deal should have had a better grasp of the turmoil that was brewing in the oil patch. Looks like a deal put together by a group of Pollyannas. Perhaps it would have been well to consult with a few oil experts if this is the extent of their personal knowledge about markets.
This is one merger that is beginning to look like it was put together by the Keystone Cops. The only sane head seems to be the financial executive who was fired, probably because he realized how sloppy the deal was working out with the falling oil price. Our management should take the fee for failure to carry out terms and get these deadbeats off its back.
AT&T has investment grade credit rating. But in my opinion it has less capital gains potential. SUN is just the opposite. More risk on distribution, but far more gain potential. You'll pay much lower tax on the SUN distribution.