Shorts represent the other side of longs as we all know. But that doesn't mean that as a long I must like what they do. In essence, they seek to undermine the very stability of companies in which I've invested considerable cash of my own. Their efforts do me no good, for sure. If you can show me convincingly that shorts are good for a company, I'd like to see that one.
NGL has been viciously attacked by shorts for half a year now. I've added thousands of units due to their effectiveness, enabling me to buy units at beneath $6 which is a fire-sale price point. But I'm not going to suggest shorts helped me although they forced some of the steam out of the stock. And that brought units into a more affordable site.
So if I rail against a company, it's not always because of the ways in which the company operates. Rather, it is occasionally more about management's failure to put unitholders and shareholders first. In the case of CVRR, I'm convinced that folks will be piling on now for the fat distribution. But I'll bet these same folks will be ruing the day they first bought into Icahn's rhetoric as I firmly believe it's to be a one-off situation, not likely to be repeated any time soon.
Carl Icahn is hardly a name people associate with being a "good guy, all heart, determined to improve the lives of others." I view "me-me" individuals as "pig people" for they exhibit not much other than their making a lot of money through the wielding of massive power stemming from an accumulation of wealth.
Give me a good old blue-shirted factory worker! I'll trust him a lot more quickly than the ornery, self-serving bastard I see in Mr. Icahn. My dad was such a person, always recognized as extremely capable, caring and transparent.
However, these are not more than opinions, mind you. And opinions are subject to change day to day as things come to light. Nobody can say my opinions or his or anyone else's are more worthy of an audience. And this is why I always encourage others to follow their own instincts as I'm convinced that's where our greate3st successes will be found.
Recent CVI News
- Form 8-K - Current report • Edgar (US Regulatory) • 09/03/2024 08:20:36 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 07/30/2024 08:25:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/29/2024 09:13:56 PM
- CVR Energy Reports Second Quarter 2024 Results • GlobeNewswire Inc. • 07/29/2024 09:09:43 PM
- CVR Energy to Release Second Quarter 2024 Earnings Results • GlobeNewswire Inc. • 07/16/2024 12:03:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/31/2024 08:18:44 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 05/17/2024 08:31:08 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/17/2024 08:26:23 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/16/2024 09:03:57 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/14/2024 08:29:23 PM
- CVR Energy Provides Update to Operational Statistics and Financial Information for its Petroleum and Renewables Businesses • GlobeNewswire Inc. • 05/14/2024 08:19:18 PM
- CVR Energy Reports First Quarter 2024 Results and Announces a Cash Dividend of 50 Cents • GlobeNewswire Inc. • 04/29/2024 08:57:32 PM
- CVR Energy to Release First Quarter 2024 Earnings Results • GlobeNewswire Inc. • 04/16/2024 12:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/28/2024 09:42:52 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/23/2024 09:20:34 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/20/2024 10:17:09 PM
- CVR Energy Reports Fourth Quarter and Full-Year 2023 Results and Announces a Cash Dividend of 50 Cents Per Share • GlobeNewswire Inc. • 02/20/2024 10:06:40 PM
- CVR Energy to Release Fourth Quarter and Full-Year 2023 Earnings Results • GlobeNewswire Inc. • 02/07/2024 01:30:00 PM
- RFA Asks Fifth Circuit to Rehear SRE Case, Transfer to DC Circuit -- OPIS • Dow Jones News • 01/09/2024 05:32:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/02/2024 09:16:24 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/21/2023 09:22:45 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/15/2023 09:27:13 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/15/2023 09:25:23 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/15/2023 09:23:53 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/15/2023 09:22:25 PM
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