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bucs_2205

bucs_2205
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EPB, F, KMP, KO, KORS, MNR, T, UTX, VNR
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  • AT&T -1.8% AH on Q2 miss, wireless service revenue decline [View news story]
    It's not about what I like and don't like. I was just saying that I hope you're not making financial decisions based on the "lameness" of a CEO. What I invest in has no bearing on what you invest in and the same goes for me with regard to what you invest in. There's a billion different strategies but, just as hope is not a strategy, neither is investing based on the "lameness" of a CEO.

    As for T, I'm not in this for the short-term. Every company goes through ups and downs. I'm going to continue to stick with this 130-year old winner and the fantastic dividends they pay. The same goes for VZ (another one of my holdings). I have a pretty good feeling in 30 years, when I'm 57, that if I stick to my DGI strategy then I won't regret my decision.
    Jul 24 05:24 PM | Likes Like |Link to Comment
  • AT&T: Opportunity Lurks In Dangerous Places [View article]
    You're clearly bearish on T which I could respect with the exception that all I keep reading from you is how "lame" T's CEO is. Please tell me you have something more to actually substantiate your opinion.
    Jul 23 09:37 PM | Likes Like |Link to Comment
  • AT&T -1.8% AH on Q2 miss, wireless service revenue decline [View news story]
    I always love people with a short-term perspective. Keep on selling things like T - I'll keep buying. I really do hope you're not making investment decisions on the "lameness" of a CEO.
    Jul 23 09:35 PM | 3 Likes Like |Link to Comment
  • Take Profits In Kinder Morgan Energy Partners [View article]
    In what way did the "dividend" fall?

    By the way, they aren't dividends - they're distributions/return of capital but I realize that's being semantical.
    Jul 17 05:53 PM | 2 Likes Like |Link to Comment
  • El Paso: Avoid This MLP [View article]
    @Seeking Profits - I'm not sure what your issue is with the Kinder group but they must have done something to personally injure you. There's no other way someone would waste so much time posting 3 of the most useless articles I have ever read on SA.

    I normally am not that critical and, in fact, really enjoy reading opposing views in order to make sure I really am making the best investment decisions. However, not one of these three "articles" have any true substance and are just designed to incite people to sell. There's still 10 minutes left of trading today but KMP is up .12% - thankfully no one seemed to take your incoherent ramblings to heart.
    Jul 17 03:52 PM | 3 Likes Like |Link to Comment
  • El Paso: Avoid This MLP [View article]
    Smurf - "Run by" and "owned by" are two very different things. Kinder does not own 100% of the units in EPB.

    I would encourage you to look at page three of this presentation: http://bit.ly/1qiGsH0

    KMI owns 41% and the public float owns the remaining 59%.
    Jul 17 03:45 PM | 1 Like Like |Link to Comment
  • Characteristics Of A Solid Dividend Portfolio [View article]
    Snoopy - if you read Chowder's posts you'll see that this is just entry criteria. This is a response he posted to a question on one of his blog posts:

    "Author’s reply »Chump, if I do my job properly, I expect the Chowder Rule number to come down after I own the company. As share price rises, yield drops and that causes the Chowder Rule number to drop.

    The Chowder Rule applies to the purchase. Once I own a company, I will then look at historical information for guidance. For example, in 2001 and 2009 KMB had a very low dividend growth rate and then bounced back nicely. Therefore, I will allow KMB some slack. This isn't un-chartered waters for them.

    If KO had come out with a dividend growth rate as low as KMB, I would be concerned. They haven't dropped below a 5% dividend growth rate in over 20 years."

    I'm sure Chowder could speak more in depth about this, but he seems to use it mostly as entry criteria along with all of the other criteria that he mentions.
    Jun 16 08:54 PM | 2 Likes Like |Link to Comment
  • Kinder Morgan: Bloomberg Is Too Bearish On MLPs [View article]
    rlp2451 - couldn't agree more. Accounting is like anything, there's specialty areas that everyone has. I wouldn't take my return to a guy who has spent his whole career in audit and just opened up his own shop. Even within tax you have a range of areas from gift/estate tax, corporate tax, partnership, etc. I work in a partnership group so PTPs aren't as scary for me, but I would definitely recommend finding out what your CPA's experience is with partnership tax and, specifically, PTPs.
    Mar 23 11:40 AM | Likes Like |Link to Comment
  • Kinder Morgan: Bloomberg Is Too Bearish On MLPs [View article]
    @Giorgiolb -

    I would definitely not trust Turbo Tax when dealing with MLP sales. It's well worth the little bit that a really good CPA will cost to ensure that everything is treated correctly.
    Mar 23 11:23 AM | Likes Like |Link to Comment
  • A Few Reasons Why I'm Staying Long Vanguard Natural Resources [View article]
    What I don't understand is that people say "as long as you don't hit the income level for UBTI you can hold MLPs in retirement accounts." The truth is that when I'm working on a partnership return, if the partner is an exempt orginzation (i.e. profit sharing plan, retirement account, etc.) we have to include UBTI. Now there is the $1,000 rule for UBTI but what continues to confuse me is that the essential strategy of a retirement account assumes a long term mindset. Even if you invest a minimal amount in an MLP within a retirement account and do nothing else, over the course of 30-40 years, you will absolutely have to deal with UBTI issues. The bottom line is that the people who say they don't have to deal with it haven't hit the threshhold yet and just haven't done their research.

    IRS Publication 598: http://1.usa.gov/Qigwqj
    Mar 19 09:32 AM | 1 Like Like |Link to Comment
  • A Few Reasons Why I'm Staying Long Vanguard Natural Resources [View article]
    I would really recommend not using P/E ratios to value MLPs. I'm long VNR but I would encourage you to do research on MLP valuation and appropriate metrics when determining if one is a good investment.
    Mar 18 05:38 PM | 2 Likes Like |Link to Comment
  • Kinder Morgan Energy Partners: A Good Time To Buy? [View article]
    It has nothing to do with cost basis. It has to do with UBTI (Unrelated business taxable income). If you hit a certain amount of distributions for the year you'll change your view that MLPs in IRAs are no big deal. Having MLPs in retirement accounts absolutely does matter and I pray that people actually talk to an expert when doing their planning instead of just taking the advice of SA - there's so much incorrect information out there.

    IRS Publication 598: http://1.usa.gov/Qigwqj
    Mar 11 09:53 AM | 5 Likes Like |Link to Comment
  • A Look Inside Vanguard Natural Resources' Results [View article]
    Thanks for the analysis. I've owned around 70 shares for about 6 months and I'm sure the hedges had a small negative impact, however, one thing that I really like about VNR is the protection the hedges provide from declining nat. gas prices. Obviously there's limited upside when prices increase, however, I like knowing that there's a relative level of saftey built in with VNR (as much as possible in an industry like oil & gas).
    Feb 27 09:55 AM | 1 Like Like |Link to Comment
  • Barron's Is Wrong On Kinder Morgan Energy Partners [View article]
    @honyoker007 - couldn't agree more. I would absolutely consult an expert who can give you the answers you need. Every situation is different and I would say it's definitely worth paying an expert to make sure you're making the best decisions for you and your family. I just wanted to pass along what I've learned in my investing experience and working in tax. Good luck to you!
    Feb 26 12:13 AM | 1 Like Like |Link to Comment
  • Barron's Is Wrong On Kinder Morgan Energy Partners [View article]
    I think there's a lot of different information out there on UBTI and how it relates to retirement accounts - unfortunately not all of it is from experts or people who know what they're talking about. The IRS publication that addresses UBTI in reitrement accounts is IRS Pub. 598 (link below).

    It's a great resource as is a lot of their other publications when there is confusion around something (as there generally is with how MLP distributions are treated and how to invest in MLPs in retirement accounts).

    http://1.usa.gov/Qigwqj
    Feb 25 12:16 PM | Likes Like |Link to Comment
COMMENTS STATS
35 Comments
62 Likes