I had a .19 bid for a week on $1M and got nothing. Was going to swap out my Lgcyo into the bonds. Decided to bail on Lgcy completely - too many opportunities elsewhere
Had a buy order in at $10.05. Darn it! But I guess I was lucky since I typed 250k shares by accident. Gulp
Actually, they did. The minute they changed the uptick rule for shorting the market turned on a dime
$1.375 is a powerful incentive. Of course, you might be able to save twice that ex div. Human psychology is a strange thing....
There will be a two week window where this will be single digits for sure. A week after ex div until a few days before the earnings call.
If they use the almost $2 per share savings to buy back shares, I'm ok with that. They could retire another 10% and increase coverage immensely
I have been following mlp's since 2008 and have never seen one with a significant quarterly distribution act like this one. Very strange