haha
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
True enough, but management frequently lies and math speaks the truth. Also the KMI price stress has to do with a dividend cut, not its conversion from MLP to C-corp, because this conversion did not and could not take place. Anyway, a fall from 30 to today's 18 or so does not seem too bad, considering the fall in oil itself.Maybe in the long run that is correct. But all the people buying KMI in the 30's trusting him when said "the dividend is safe", all the way until the week before they whacked it probably are not feeling the love right now. The math was clearly saying one thing while he and the company was saying something else.
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I also think that a reasonable takeaway is "don't confuse speculating with investing". And if you are speculating, go after capital gain, not a dividend.
Ha