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  • How To Maximize Your Kinder Morgan Gains And Increase Your Income [View article]
    See my quote above from the 10-K. KMR owns the i-units, not the BoD.
    Sep 17 02:58 PM | Likes Like |Link to Comment
  • How To Maximize Your Kinder Morgan Gains And Increase Your Income [View article]
    Pen,

    When I get my KMR proxy and vote, will I actually be voting twice? I expect not, that would be nonsensical. I think the mechanics will be that my vote will count once, as a vote of my indirect KMP i-units. To answer your question: no, I do not think the BoD will be voting my KMP i-units.
    Sep 17 02:30 PM | Likes Like |Link to Comment
  • How To Maximize Your Kinder Morgan Gains And Increase Your Income [View article]
    Pen,

    I see your point.

    You said:

    "I also don't see anywhere that shareholders of KMR own or control an equivelent number of i-units of KMP..."

    I found this statement in KMR's 10-K:

    "Through our ownership of i-units, we are a limited partner in KMP."

    That settles the ownership issue. I think it also settles the voting issue.
    Sep 17 02:13 PM | Likes Like |Link to Comment
  • Altria: The Battle For SABMiller Heats Up [View article]
    According to Morningstar, the current yield of SBMRY is 1.66% and the current yield of BUD is 2.33%. On the face of it, BUD sounds better than SBMRY, but I'm too lazy to run the numbers to be sure.
    Sep 17 01:31 PM | Likes Like |Link to Comment
  • The Yield Curve: To Know Where We're Going, We Must Remember Where We've Been [View article]
    Very good charts and explanations. I follow the yield curve periodically, but would never have put as much effort into it as you have. Being lazy, I simply look at the dynamic yield curve: http://bit.ly/15BMN4V
    Sep 17 01:19 PM | 2 Likes Like |Link to Comment
  • How To Maximize Your Kinder Morgan Gains And Increase Your Income [View article]
    Pen,

    "Do you have actual confirmation..."

    That is an interesting question. I found this statement in the press release:

    "Following unitholders and shareholder votes..."

    I could not find anything about voting, in either the presentation or the press release, except this phrase.

    Your question represents the POV that "everything that is not specifically permitted is forbidden".

    I interpret the press release statement from the POV that "everything that is not specifically forbidden is permitted". Thus I think the press release really means:

    "Following ALL unitholders and shareholder votes...".
    Sep 17 12:59 PM | Likes Like |Link to Comment
  • If STAG Industrial Was A Car It Would Be A Mustang [View article]
    So when it was trading at $25.19 its yield was 5%. Got it, thanks.

    My comment was in response to 'in a flash'. What do you consider to be a 'flash'? I would have thought several days or at most a week or two.
    Sep 17 11:39 AM | 1 Like Like |Link to Comment
  • How To Maximize Your Kinder Morgan Gains And Increase Your Income [View article]
    Your math looks correct to me. If I were not already over allocated to both KMI and KMR, I would be tempted to buy more KMR.

    I own both in my non-qualified account. If I owned KMI in an IRA I would sell it and buy KMR with the proceeds.

    There is one thing I do not understand. There is a large short interest in KMI, which I can only assume is part of an arbitrage trade. That being the case, why does the gap between KMI and KMP exist? I would have thought that the arbs would make it disappear and keep it that way. Maybe it has something to do with dividends?
    Sep 17 11:15 AM | Likes Like |Link to Comment
  • How To Maximize Your Kinder Morgan Gains And Increase Your Income [View article]
    YorgoSiam,

    The KMR dividend is not a stock split. A stock split has no economic effect, and simply results in a share count bookkeeping entry, plus a misunderstanding on the part of those investors who think there is more to it than this.

    Each share of KMR is backed by 1 i-unit of KMP. When KMP pays a distribution, the cash distribution from each i-unit of KMP is used to buy one NEW fractional i-unit of KMP. That new fraction i-unit of KMP then creates one NEW fractional share of KMR. The new fractional share of KMR is the stock dividend. The cash paid to the KMR i-units thus comes back on to Kinder's books.

    Compare this to what happens when KMP pays its cash distribution. The cash either goes into your brokerage cash, or your broker uses the cash to buy some number of EXISTING units of KMP on the open market (KMP does not have a DRiP). The cash paid to the KMP limited partners leaves Kinder's books and does not return.

    The KMR stock dividend is Kinder's automatic self funding source of NEW investment cash. This is very different from a simple stock split, and shows just how smart and investor friendly Rich Kinder is.
    Sep 17 11:04 AM | 2 Likes Like |Link to Comment
  • How To Maximize Your Kinder Morgan Gains And Increase Your Income [View article]
    Pen,

    I don't follow your logic regarding the KMR dividend vs the KMI dividend. It is undeniable that the KMR dividend will increase your KMR share count, and the increased KMR share count will translate into an increased KMI share count. How can the KMI dividend affect this? Please explain.
    Sep 17 10:42 AM | 1 Like Like |Link to Comment
  • How To Maximize Your Kinder Morgan Gains And Increase Your Income [View article]
    Each share of KMR is backed by 1 i-unit of KMP. Thus, each 'yes' vote from KMR will become one 'yes' vote from KMP.
    Sep 17 10:39 AM | Likes Like |Link to Comment
  • If STAG Industrial Was A Car It Would Be A Mustang [View article]
    nsolot,

    It is just you. STAG would have to be priced at $26.40 to yield 5%. Its all time high is $25.19.

    Its trading range today was close to the 6% yield price, closed at $21.72, 6.077% yield.
    Sep 16 07:07 PM | Likes Like |Link to Comment
  • If STAG Industrial Was A Car It Would Be A Mustang [View article]
    I bought more STAG today at $21.70. This was the last gasp of a serious oversold condition, not just for STAG, but also for O and other eREITs. eREITs are now rising strongly.
    Sep 16 02:27 PM | Likes Like |Link to Comment
  • Inflation Is Killing My Retirement: How I'm Dealing With It, Part 2 [View article]
    docjoc

    There are two indexes that I recommend.

    AMZ covers the entire MLP universe.

    AMZI covers only the midstream MLP universe.
    Sep 16 12:58 PM | Likes Like |Link to Comment
  • Inflation Is Killing My Retirement: How I'm Dealing With It, Part 2 [View article]
    scarp1952,

    This article should help: http://seekingalpha.co...
    Sep 16 12:45 PM | Likes Like |Link to Comment
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