a blog dedicated to the discussion of MASTER LIMITED PARTNERSHIPS and the day to day news related to the group...along with perhaps a few other things...as long as the conversation is kept civil. Although i have no problem telling you what i am doing regarding my trades...PLEASE DON'T ASK ME WHAT YOU SHOULD DO REGARDING WHETHER TO BUY, SELL OR SHORT!!! i am not in the stock business.
Friday, October 31, 2008
Crosstex (XTEX) is bidding 14.50 x 16.50. No trades. XTXI is 10 x 13.03.
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.
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.
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?
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.
ReplyDeleteExactly. I wonder if the dopes running XTEX will pay themselves less this year?
ReplyDeleteWith 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.
ReplyDeleteThere will be another dilution of earnings when the inevitable class action lawsuit is filed and settled.
ReplyDeleteThese 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?
ReplyDelete