MLPs And Other Tax Preference Investments On The Chopping Block [View article]
The Obama administration wishes to redistribute wealth through taxation and social spending - this is not news or worthy of an "article". This type of social engineering is likely to negatively impact the investor/saver in any investment vehicle - again, is this news? At least the "sky may fall" message might have been tempered with the notation of significant and probably successful congressional opposition to this demagoguery.
Analysis Of My 7 Reliable Monthly Dividend Stocks [View article]
Atlantic Power has entered into an agreement to purchase Capital Power LP which if completed will double AT's business footprint and financial strength. Financing has been arranged; awaiting regulatory approval. Good holding.
Why MLPs Are Extremely Overvalued As An Asset Class (Part 1) [View article]
Sorry, don't buy it. Forget solid businesses with hard assets, deep moats, contracted and predictable income streams, long histories of solid dividends, and significant tax advantages - listen instead to my metrics.. I know, I know...all will soon be divulged grasshopper...
10 Overvalued Dividend Stocks With Poor Liquidity [View article]
Regarding RGNC which is an MLP: Please do your basic homework when writing about MLPs. Earnings per share and P/E ratios for an MLP are meaningless while the significant metric is distributable cash flow. EPS are intentionally minimized to take advantage of the favorable tax status of an MLP. DCF is calculated by adding back tax avoidance items to earnings per share (thus intentionally diminishing "earnings"), while these tax avoidance items are mainly "accounting expenses" that involve no outlay of cash, such as depreciation. Maintenance capital expenditures, which are needed to run the business and maintain equipment, are also taken out. Please learn that EPS should not be trumpeted as a significant metric for an MLP - very misleading.
MLPs, REITs and the Search for Uncorrelated Returns [View article]
"However, investors are required to file a state income tax return in every state in which the MLP does business. Enterprise Products Partners L.P.EPD does business in 36 states."
Is this factual? Are investors in EPD filing 36 state income tax returns??
The much storied Alpine Total Dynamic Dividend Fund (a closed end fund) uses a "Dividend Capture Rotation" as part of its strategy. Not much magic there....
Rough Day for Master Limited Partnerships [View article]
In the politics of envy, property is theft. No investment apart from government issued municipal bonds is safe from governmental meddling and those bonds are subject to governmental incompetence.
Sleep at Night Investments: Utility Preferred Shares [View article]
Thank you from a fellow Houstonian for an article that is both clear and actionable. This is the type of contribution that makes SA valuable to its readers. Congratulations.
European Goldfields Takes a Big Hit on News Report [View article]
Another market over reaction to a news report compounded by "stop loss" selling and resulting in an excellent buying opportunity for the vigilant and informed. Up 14% today.
Master Limited Partnerships: Pipe Dreams or Shark Jumpers? [View article]
The crash of 2008 was a market wide event affecting all classes of equities and not the result of an over bought MLP market which the author alludes to. Even so, as examples of "well known and managed MLPs" at the nadir March 09. 2009 Kinder Morgan Partners (KMP) closed at 41.15 and was paying about 10% annual yield; Enterprise Products Partners closed at 17.95 and was paying at that price an 11% yield - no "40% or higher yields". If one had bought at that time with the knowledge of the excellent underlying businesses a capital gain of 74% with KMP and 144% with EPD would be on the books in addition to the unmissed and growing dividends. As always, facts and good judgement make for profitable investments (and good reading), not hyperbole and fear.
Master Limited Partnerships: Pipe Dreams or Shark Jumpers? [View article]
I do not believe that the underlying businesses of most well known and managed MLPs are going away though certainly their unit price may decrease with macro (general market) and micro (leveraged owners of MLPs forced to sell) market conditions. If the price of units were to decrease as a result of such action I further believe that in this interest rate environment which is likely to be sustained a year or more, that there is a significant population of income investors who would step in to the breach to purchase the now less expensive, higher yielding MLP units. A fall in price would be viewed as an opportunity and thus substantially soften the harshness of the price decline. MLPs most significant risk, in my view, is unpredictable governmental action which might diminish or destroy their tax advantaged treatment (as occurred to the Canadian Income Trusts in the 2006 "Halloween Massacre").
MLPs And Other Tax Preference Investments On The Chopping Block [View article]
At least the "sky may fall" message might have been tempered with the notation of significant and probably successful congressional opposition to this demagoguery.
Analysis Of My 7 Reliable Monthly Dividend Stocks [View article]
Why MLPs Are Extremely Overvalued As An Asset Class (Part 1) [View article]
I know, I know...all will soon be divulged grasshopper...
10 Overvalued Dividend Stocks With Poor Liquidity [View article]
DCF is calculated by adding back tax avoidance items to earnings per share (thus intentionally diminishing "earnings"), while these tax avoidance items are mainly "accounting expenses" that involve no outlay of cash, such as depreciation. Maintenance capital expenditures, which are needed to run the business and maintain equipment, are also taken out.
Please learn that EPS should not be trumpeted as a significant metric for an MLP - very misleading.
Fitting MLPs Into Your Retirement Account [View article]
MLPs, REITs and the Search for Uncorrelated Returns [View article]
MLPs, REITs and the Search for Uncorrelated Returns [View article]
Is this factual? Are investors in EPD filing 36 state income tax returns??
6 Ideas for 'Buying Dividends' [View article]
Rough Day for Master Limited Partnerships [View article]
No investment apart from government issued municipal bonds is safe from governmental meddling and those bonds are subject to governmental incompetence.
Sleep at Night Investments: Utility Preferred Shares [View article]
20 Companies to Avoid [View article]
European Goldfields Takes a Big Hit on News Report [View article]
Master Limited Partnerships: Pipe Dreams or Shark Jumpers? [View article]
Master Limited Partnerships: Pipe Dreams or Shark Jumpers? [View article]
Alerian MLP Index, New Record Highs Can Bring a Sharp Correction [View article]