Key line, "We believe the partnership’s distribution is secure and the 13.4% yield is attractive, but near term challenges may limit price appreciation."
These guys make absolutely no sense. If you actually believed the yield was secure, you would be buying hand over fist and putting it away.
Is it ant wonder that business investment is next to nothing when Treasury is so clearly political and constantly changing the rules?
OTR Global (OTR®), founded in 1995, is an investment research and agency-trading boutique with offices in North America, Europe and Asia. The recognized leader in marketplace research, OTR pioneered its channel-checking methodology by developing a comprehensive base of industry sources and an in-depth understanding of complex, global product supply chains. OTR’s unique approach relies on journalistic principles and is utilized by the firm’s more than 130 research personnel located in more than 18 countries.
I think this is a bear raid plain and simple. That channel check report was probably commissioned by whoever is loading up on puts. They'll undoubtedly cover before the earnings report.
They've been run by Democrats forever. Please explain the Bush economic policy that "destroyed" the economy. At the root of the economic crisis was Fannie, Freddie and the community reinvestment act which that right wing paper the New York Times warned about in 1999.
Indeed it is, can't believe anybody is listening to him again. Note these things always come out during the quiet period when companies can't respond.
Quite the opposite, it will hasten automation, put people out of work and millions will never learn basic job skills.
How is it this guy a Morgan Stanley still has a job this morning? Frankly, the SEC should be investigating his motivation at this point.
On the bright side, if buybacks continue at this pace, within a decade they will have bought in all of the publicly traded shares and won't have to worry about Wall Street.
Purchase of Medarex at the height of the financial crisis was the best biotech buyout of all time.