MONDAY MORNING IN AUGUST!
Ugh! Waking up from a summer weekend and not much happening this morning. We have Citigroup downgrading Buckeye Parnters (BPL) and dropping their target which is, as always, a stroke of brilliance after the decline. More ex- distributions over the next few days so at least the check is in the mail, or will be. Stock futures a touch lower. Energy is lower this morning as Tropical Storm Edouard heads toward Houston with what should be minimal impact. No corporate developements. Try and stay awake this morning.
Be sure to scroll down to my weekend post with the link to the FT article about takeovers in MLP land. Worth reading.
I will post later this morning as things get underway.
joseph cioffi's Source Page - Associated Content
4 comments:
Just a complete and utter failure in the MLP's today. These things have to be some of the most frustrating and disgusting things an investor can own. It takes absolutely nothing for them to lose large chunks of value for no discernable reason. I wish that I never heard of these pieces of shit.
Natural gas is just getting taken to the woodshed today, but don't worry folks it's not speculators driving prices...
" I wish that I never heard of these pieces of shit."
Then why not just sell them and move on to investments that are not "frustrating and disgusting?" Perhaps you could buy some bank stocks? Consumer discretionary stocks? Brokers? REITS? Hombuilders? BDCs?.......
I fail to see the point of posting mere rants which contain no analysis or information which could possibly be useful to others.
Bruce Sherman
Oakland, Oregon
Hey Bruce even the analysts cant analyze. When BPL was at $49, the analyst had a $55 target. Today it's $40 and he downgrades it.
Nothing wrong with rants...
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