InvestorsHub Logo
Followers 139
Posts 15190
Boards Moderated 6
Alias Born 01/29/2002

Re: None

Monday, 03/05/2018 10:23:56 AM

Monday, March 05, 2018 10:23:56 AM

Post# of 147
I noted in Value Line a change in their "Portfolio II - Stocks for Income and Price Appreciation" (Summary and Index section):

Meanwhile, we are cutting our losses
on Macquarie Infrastructure Corp. The
shares fell markedly after the infrastructure
services company slashed its dividend
upon the release of fourth-quarter results.
It plans on using the savings to repurpose
certain assets and invest in growth
projects. The asset change has to do with
the loss of six long-term customers for
a certain oil storage service.


I hadn't seen this last bit of news (six customers) until this announcement. It doesn't seem to be selling off any further than its recent lows, so I'm sticking with it and its dividend for now. It would be nice to know how much of total revenue those six clients represent.

Best regards,

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.