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Friday, October 31, 2008

Crosstex (XTEX) is bidding 14.50 x 16.50. No trades. XTXI is 10 x 13.03.

5 comments:

Anonymous said...

Give it up for the analyst at Goldman who predicted this a month ago. Doesn't say much for management who hosted a conference the next day refuting it.

Anonymous said...

Exactly. I wonder if the dopes running XTEX will pay themselves less this year?

Anonymous said...

With the re-adjusted distro and the re-adjusted unit price it yields 16.70%. Is that enough to entice investors? I find any MLP that cuts to be mismanaged and not worthy of investment. It shows a lack of ability to manage the company properly. This company is run by dishonest liars. They held a conf call 3 weeks ago and lied.

Anonymous said...

There will be another dilution of earnings when the inevitable class action lawsuit is filed and settled.

Anonymous said...

These guys have no idea that they have now created a company which nobody will want to touch. They have burned investors badly and why would anyone bother listening to them?