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Mike Nadel  

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  • How Much Kinder Morgan Is Too Much For A Dividend Growth Investor? [View article]
    Bob:

    I think it is fair to wonder if KMI will be able to deliver on the promised dividend growth. I guess we'll see eventually.

    Nevertheless, I am more likely to keep all of my KMI than to sell it all. In the end, I'll probably trim.

    Mike
    Jul 28, 2015. 04:32 PM | Likes Like |Link to Comment
  • How Much Kinder Morgan Is Too Much For A Dividend Growth Investor? [View article]
    Bob:

    Thanks.

    Mike
    Jul 28, 2015. 04:31 PM | Likes Like |Link to Comment
  • How Much Kinder Morgan Is Too Much For A Dividend Growth Investor? [View article]
    Gag:

    I was going to refer you to a comment I already made that addressed this, but I realized you might have trouble finding it, so I'll cut and paste it here:


    I am human, so yes I have noticed KMI's price decline. But (unfortunately) it is not the only company I own that has suffered price declines. Right in that sector (albeit in a different industry), COP, CVX and XOM have suffered much worse declines. I haven't sold any of them -- haven't really even considered it -- and in fact have added a little XOM while contemplating adding a little more of that and CVX. So it's not the price action that really drove me to this.

    I bought KMI at a time when I didn't have quite as discerning eye for what I was putting in my portfolio. It survived my "quality makeover" because, yes, it was performing both in total value and dividend growth. When the consolidation occurred, I ended up with a boatload of KMI and that sole fact pretty much "forced" me to make it a core holding.

    Even after all that, and all the negative articles, I never thought about trimming. (For one thing, there are probably more positive KMI articles, especially on SA.)

    But when I saw Bob's article and it made me check my credit ratings and then I realized that it ranked dead last for me, it just made me think more, that's all.

    I admit to being a little nervous. But I am not having sleepless nights over KMI. I am not obsessed with it. I didn't even start thinking about selling any of it until a couple days ago.

    So it might not be so much that KMI has changed -- although it has. It's more that the way I view companies has evolved some. And that, combined with KMI getting downgraded to 3 by Value Line and a few other facts, has led me to wonder if I don't own too much of it. That's all.


    Mike
    Jul 28, 2015. 04:31 PM | Likes Like |Link to Comment
  • How Much Kinder Morgan Is Too Much For A Dividend Growth Investor? [View article]
    Alfredo & others:

    You definitely have the right to express your beliefs, but I am not going to get into politics here. For me, it's not the right place for it. For others who want to have that discussion, feel free.

    Mike
    Jul 28, 2015. 04:29 PM | Likes Like |Link to Comment
  • How Much Kinder Morgan Is Too Much For A Dividend Growth Investor? [View article]
    Paul:

    I am not going to let a very good comment stream devolve into an us-vs-them, DGI-vs-the-world thing.

    So I acknowledge your comment and your right to make it, but I am not going to engage in that subject in this stream.

    Have a good day.

    Mike
    Jul 28, 2015. 04:28 PM | Likes Like |Link to Comment
  • How Much Kinder Morgan Is Too Much For A Dividend Growth Investor? [View article]
    gman:

    Congrats on getting out when you did.

    Mike
    Jul 28, 2015. 04:26 PM | Likes Like |Link to Comment
  • How Much Kinder Morgan Is Too Much For A Dividend Growth Investor? [View article]
    Boo:

    During my first 2 years in DGI, every time I sold something it came back to bite me. I think my selling decisions since I really started thinking things through and being less impulsive have been much better.

    I am now a very reluctant seller, and that is one of the things that will influence this decision.

    Mike
    Jul 28, 2015. 04:25 PM | Likes Like |Link to Comment
  • How Much Kinder Morgan Is Too Much For A Dividend Growth Investor? [View article]
    stone:

    I appreciate the kind words and the opinion. I'm leaning that way.

    Mike
    Jul 28, 2015. 04:23 PM | Likes Like |Link to Comment
  • How Much Kinder Morgan Is Too Much For A Dividend Growth Investor? [View article]
    TRI:

    <<Pipelines are the only way to transport all that gas, and Richard Kinder knows his way around them.>>

    An excellent argument for keeping most or all of a KMI position.

    I think sometimes we (and that includes me) tend to get caught up a little too much in the oil side of it.

    Mike
    Jul 28, 2015. 04:23 PM | Likes Like |Link to Comment
  • How Much Kinder Morgan Is Too Much For A Dividend Growth Investor? [View article]
    User:

    <<I think KMI is an unsafe investment. >>

    Value Line seems to agree with you, at least somewhat. Add in the credit rating and the debt and I don't blame you for having some of the same thoughts I do.

    I probably won't sell all of mine but I am leaning toward a trim. Thanks for sharing your views.

    Mike
    Jul 28, 2015. 04:22 PM | Likes Like |Link to Comment
  • How Much Kinder Morgan Is Too Much For A Dividend Growth Investor? [View article]
    sam & Steve:

    Thanks for your cogent, reasonable comments.

    I am human, so yes I have noticed KMI's price decline. But (unfortunately) it is not the only company I own that has suffered price declines. Right in that sector (albeit in a different industry), COP, CVX and XOM have suffered much worse declines. I haven't sold any of them -- haven't really even considered it -- and in fact have added a little XOM while contemplating adding a little more of that and CVX. So it's not the price action that really drove me to this.

    I bought KMI at a time when I didn't have quite as discerning eye for what I was putting in my portfolio. It survived my "quality makeover" because, yes, it was performing both in total value and dividend growth. When the consolidation occurred, I ended up with a boatload of KMI and that sole fact pretty much "forced" me to make it a core holding.

    Even after all that, and all the negative articles, I never thought about trimming. (For one thing, there are probably more positive KMI articles, especially on SA.)

    But when I saw Bob's article and it made me check my credit ratings and then I realized that it ranked dead last for me, it just made me think more, that's all.

    I admit to being a little nervous. But I am not having sleepless nights over KMI. I am not obsessed with it. I didn't even start thinking about selling any of it until a couple days ago.

    So it might not be so much that KMI has changed -- although it has. It's more that the way I view companies has evolved some. And that, combined with KMI getting downgraded to 3 by Value Line and a few other facts, has led me to wonder if I don't own too much of it. That's all.

    Did that response address your concerns with my concerns?

    Mike
    Jul 28, 2015. 04:19 PM | Likes Like |Link to Comment
  • How Much Kinder Morgan Is Too Much For A Dividend Growth Investor? [View article]
    ed & sb:

    I'll sell 'em to either of you for $50/share!

    Hey ... put that tire iron down!!!!

    Mike
    Jul 28, 2015. 04:10 PM | Likes Like |Link to Comment
  • How Much Kinder Morgan Is Too Much For A Dividend Growth Investor? [View article]
    zurick:

    I am an EXTREMELY reluctant seller, so I do not buy thinking about if and when I might sell. You almost surely disagree with that, which is cool, but it's not how I want to invest.

    Mike
    Jul 28, 2015. 04:09 PM | Likes Like |Link to Comment
  • How Much Kinder Morgan Is Too Much For A Dividend Growth Investor? [View article]
    DH:

    I don't hate or fear K-1s. I used to own LINE and the K-1 was easily handled by my tax software. That was the least of my problem with LINE!

    I don't want an MLP in my Roth, which is where KMI resides. So I'd have to move some holdings around if I want to buy an MLP in my taxable account. I'm the one who brought it up in the article, so I don't blame you for suggesting it, and I do like the three you name.

    More likely, I would go for SE.

    Thanks for the great comment.

    Mike
    Jul 28, 2015. 04:07 PM | Likes Like |Link to Comment
  • How Much Kinder Morgan Is Too Much For A Dividend Growth Investor? [View article]
    wac:

    I like everything you say here. As I say in the article, it is where I am leaning.

    I wouldn't say KMI is "driving me crazy," though. When I look at my portfolio, I think about it. Otherwise, I'm not obsessed with it. If I were, I'd have already done something about it, and that something would have been to sell it all.

    Mike
    Jul 28, 2015. 04:04 PM | Likes Like |Link to Comment
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