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FleetUSA3226

FleetUSA3226
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  • Monday Mailbag: Kinder Morgan [View article]
    That would be very difficult given the disclosures required by the SEC. However, I am sure their planning department have a few projects they are evaluating for 2015.
    Aug 20 12:44 PM | Likes Like |Link to Comment
  • My Updated Valuation Of Johnson & Johnson [View article]
    JNJ is a triple A company with only $13B in long-term debt (per Morningstar). I wouldn't think any interest rate movements in 2015 would make much of a dent in their financial picture.
    Aug 20 12:41 PM | Likes Like |Link to Comment
  • Kinder Morgan: What Now? [View article]
    IMHO If RKinder says it will close in 2014 I am sure his advisers are certain it can be done. His advisers do this type of thing routinely although not this scale or with MLPs.

    I don't think many government approvals are required. This doesn't need approvals because everything being acquired is generally in the same family of assets. Therefore, it won't be a marketplace change impacting the economy. A ruling from the IRS should be humdrum.
    Aug 20 12:15 PM | 1 Like Like |Link to Comment
  • Kinder Morgan: What Now? [View article]
    The computer and internet apologizes for the repeat comments. It said "an error occurred" and allowed me to hit "reply" again.
    Aug 20 11:36 AM | Likes Like |Link to Comment
  • Kinder Morgan: What Now? [View article]
    From what I know, the KMI shares received in exchange for the KMR shares will have the same tax basis as the original KMR shares as well as their holding period.

    For example if you bought 100 shares of KMR in 2012 for say $7000 (70/sh). You will recieve 248.49 shares of KMI and the tax basis will be $7000 ($28.17/sh) with a holding period from 2012.
    Aug 20 11:34 AM | Likes Like |Link to Comment
  • Kinder Morgan: What Now? [View article]
    From what I know, the KMI shares received in exchange for the KMR shares will have the same tax basis as the original KMR shares as well as their holding period.

    For example if you bought 100 shares of KMR in 2012 for say $7000 (70/sh). You will recieve 248.49 shares of KMI and the tax basis will be $7000 ($28.17/sh) with a holding period from 2012.
    Aug 20 11:33 AM | Likes Like |Link to Comment
  • Kinder Morgan: What Now? [View article]
    From what I know, the KMI shares received in exchange for the KMR shares will have the same tax basis as the original KMR shares as well as their holding period.

    For example if you bought 100 shares of KMR in 2012 for say $7000 (70/sh). You will recieve 248.49 shares of KMI and the tax basis will be $7000 ($28.17/sh) with a holding period from 2012.
    Aug 20 11:33 AM | Likes Like |Link to Comment
  • Kinder Morgan: What Now? [View article]
    From what I know, the KMI shares received in exchange for the KMR shares will have the same tax basis as the KMR shares as well as their holding period.

    For example if you bought 100 shares of KMR in 2012 for say $7000 (70/sh). You will recieve 248.49 shares of KMI and the tax basis will be $7000 ($28.17/sh) with a holding period from 2012.
    Aug 20 11:32 AM | Likes Like |Link to Comment
  • Kinder Morgan looks expensive after buying up MLPs, Barron's warns [View news story]
    @hhmcdon. Yes the BBC version is the best!
    Aug 20 08:45 AM | Likes Like |Link to Comment
  • Kinder Morgan: What Now? [View article]
    @alschroed. Me too. I came to the same conclusion because with IRA investments the K-1 and UBTI scarred me. HEnce, I went simple. But it did take a lot of DD to understand how the KM system worked. It isn't apple pie. Or rather it wasn't apple pie. The new deal will be easier and will attract more investors.

    Incidentally, I looked on Morningstar Premium for which of my 5 mutual funds/ETFs invested in a KM company. The answer: none. I guess it was too complex for them too.
    Aug 20 08:43 AM | Likes Like |Link to Comment
  • Recent Buy - Kinder Morgan Inc. [View article]
    @SparkDogg. Yes, I am sure they were going through all the alternatives at the time as they knew the structure was getting too cumbersome for future investment opportunities. A plan like this usually takes at least several months of analysis before it is finalized for a public proposal.
    Aug 20 06:29 AM | Likes Like |Link to Comment
  • Recent Buy - Kinder Morgan Inc. [View article]
    An excellent summary. If we take the $2.42 dividend as a given I think the stock will be around $50 in 2017 making the warrants interesting too.

    As for the "poor" KMP holders they have gotten a very nice pop to comfort them when the tax bill comes due. And I'm sure competent CPAs will guide them through the K-1 maze. The article you referred to by DGI is very good and seemed to point to a $15/share tax bill for many taxable holders. And $2 dividend isn't to be sneered at.

    I think wise Rich Kinder and his team figured all this out and is assured of a positive vote. Interestingly the class action bastards are circling from what I have seen but they are having trouble finding blood in the water. Ha.
    Aug 19 07:05 PM | 3 Likes Like |Link to Comment
  • Wells Fargo has big plans for asset-management [View news story]
    Look with a competitor like Vanguard there is no way I would advise anyone to use Wells even though I love the stock.

    I've overheard financial planning advice at my local Wells branch to humble neophytes. Obviously WFC won't get rich off these people but neither will the neophytes. It was sad to hear.
    Aug 19 06:46 PM | Likes Like |Link to Comment
  • Kinder Morgan looks expensive after buying up MLPs, Barron's warns [View news story]
    It is actually 2.4849 shares for each KMR
    Aug 19 01:13 PM | Likes Like |Link to Comment
  • Kinder Morgan looks expensive after buying up MLPs, Barron's warns [View news story]
    Since Murdoch owns Barrons (via WSJ) why doesn't he clean up the operation?
    Aug 19 01:08 PM | 1 Like Like |Link to Comment
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