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Rich Kinder feels undervalued, but says doubters will be proved wrong

  • The Kinder companies continue to report solid results - Kinder Morgan Partners' (NYSE:KMP) profit more than doubled in 2013, and controlling partner Kinder Morgan Inc. (NYSE:KMI) enjoyed a six-fold increase in net income - but their stock prices have underperformed, Richard Kinder lamented earlier while discussing earnings.
  • Naysayers point to KMP/KMI's size, claiming it’s too big to meaningfully grow any more, either by acquisition or through new projects of its own; Rich Kinder says he's been hearing that for years, but the company keeps expanding.
  • Nevertheless, recently issued 2014 guidance that projected profits to grow more modestly disappointed some analysts.
  • "We proved the doubters wrong [before]," said a somewhat defiant Kinder. “You sell. I’ll buy. And we see who comes out best in the long run.”

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