It hurts when we were "Up" on this stock earlier this year..... then I doubled down.
To make it worse I've been heavy in "Lightstream" (formerly PetroBakken)
I sure can pick #$%$!
Agreed! They have conered the Global Market with excellent Patents on their system. Their will be no real competition and I expect a "buy-out" offer in next 6 months.
THE MARKET IS NUTS!
Profit BEAT by 13.33% !!!!
Sales missed buy .004% and we are down 8% and still going south!
Indexs are all GREEN.
Staggman, thank you you for the positive news on my oldest favorite stock.
I agree their Dividend policy is excellent but I'm only stating that I fear the end of growth for one of my all time favorites! I'm an Eng'r by training and I read alot about the Energy Markets. I'm only sorry I didn't Load The Boat when this stock went into low $50's....I was so shocked I thought I was missing something.
I wish I hadn't sold all for the great Capital gains but the stock had been swinging wildy back in the first 6 months and I thought I'd get back in around low $60's (I WAS WRONG)
But I do stand by my statement about dirt cheap Nat Gas starting to undermine ARLP's renewal contracts in 2014 and beyond.
The Sept 3rd announcement worked, the price dropped as some investors took an early exit in case it was a real problem. BMO should have followed up on their statement AND/OR been INVESTIGATED!