Wednesday, April 23, 2008
Some info on the Goldman downgrade of Magellan(MMP). Thank you to the poster. After reading it through you gotta love Goldman and anal-ist double speak. On the one hand they say its overvalued relative to its peers...on the other hand they leave the price target at $44 which is above where it is right now. Makes sense...doesn't it!
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joseph cioffi's Source Page - Associated Content
4 comments:
And not to forget, MMP has been hiking distributions for what 24 or so consecutive Qs now.
Merrill's call on NS is also a joke. He has had a sell on that one, while its gone up 10% in his face.
The Wall St anal-ysts are useless.
CEP is a piece of sh*t.
sorry guys but I think it's a good call on MMP. It is rich compared with other MLP's, and there are many other names that are much better values at current levels. And MGG is the right way to play those assets.
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