CT Programmer

Attractive Outlook for MLPs Following September Lows

jamookey... I bought MOS today. When I first started watching them in January (just to pace YARIY which I owned at the time) , they were at $135. Now, they're at $42! This after they "disappointed" Wall Street by coming in a little short on earnings (God forbid you don't come in exactly at what these number crunchers think --- despite the fact that they all missed this huge financial mess and recession). Forget that Mosaic doubled their profits over last year. Forget that they have a fwd PE less than 3 (you'd think they were going into bankruptcy at that level). It's just knee-jerking. And I say "thank you" to whoever panicked and sold me their shares at such a lovely price.

Attractive Outlook for MLPs Following September Lows

We're in the midst of a panicked sell-off. No one thinks anything is making any money anymore, so they're pulling out and sitting on cash. These pipeline companies provide solid dividends while you wait, and their stock prices will come back up. Are we really using significantly less gas and oil? No. And it has to be shipped from point A to point B, just like it always has to, regardless of the price of the oil or gas itself. I find it ironic that on a day like today when lot's of good companies are down 10% or more, EEP is only down 1.5% --- and that's with getting hit with a hefty fine regarding the pipeline explosion last fall. I have noticed that OKS seems to be slipping more over the last few weeks than EEP has. Is there any news regarding them and possibly debt problems? Long EEP and OKS.