I think I can speak for all of us here when I thank you for your kind recognition.
We've been blessed with some truly good-hearted folks who don't have a selfish streak pushing them to do better than all others. Sharing is first.
As for ALDW today? Really exciting in my opinion. Like you, I toyed with adding this morning but I've been around long enough to know it's sometimes better to wait and see what develops in the 4-6 weeks after an MLP goes ex-distribution. Now it the time to gather funds. I'm mentally reserving half of my forthcoming $9,310 for Q1's distribution which I hope to use in funding more units of ALDW. For now, I'm out of powder and still owing a bunch in margin debt. But I'm very pleased, believe me!
Today we did spectacularly well, I'd say. It tells me a lot of people are seeing what we've been seeing, that this fine company is a good one to stick with despite market ups and downs and twisted turns.
One thing I thought about early this morning when reading of storm clouds threatening impeachment proceedings centering about Mr. Trump:
Those that have axes to grind will grind them without regard for collateral damage to others. We are some of those others. Or----are we?
As I muddled my way through this sort of stuff early today, I couldn't help thinking that impeachment---successful or otherwise---won't do a damned thing to hurt ALDW. Legal proceedings be darned, people will continue to buy gas and drive many miles to enjoy our wonderful country, regardless of politics.
My hunch is that a lot of ALDW investors realized the same thing and piled on during the middle of the day. And it's reflected in today's volume. On the surface it appears to be slightly beneath the ten day average but hold on a minute!--- exactly ten trading days ago ALDW could be bought all day for $9.00!!!!!
The ten day average, then, is reflective of a buying frenzy that brought our beloved units to close at $11.30 today, EVEN AFTER REMOVING THE 38 CENT DISTRIBUTION!!! That's a 25.5% improvement. Fantastic!
Is that outstanding or is it outstanding? Furthermore, no matter how the stock is priced in coming days, we know for sure that a whole lot more investors are seeing what we've been seeing in this company. That makes things more exciting for me, certainly. And even at today's close plus limiting the balance of the year's distribution basis to 38 cents per quarter, we're still receiving a 14% yield. That is unheard of and I can guarantee us all that it won't hold up. Units must---absolutely must rise from here if only to satisfy the hunger for outlandish returns expressed by investors wanting to cash in on a smaller refiner's fine management and resultant execution.
Again, I say we're going to see a $20 valuation. And at $20,even the current 38 cent distribution comes out to a yield of right around 8%. That's considerably higher than your average Alerian index average. So it holds up well even under significant peer pressure.
Friends---we are doing well and should expect major lift-off in the next couple of months.
