Replies to post #288 on CVR REFINING (CVI)

[michaelmerriman]

Carl Icahn through IEP and CVI has stakes in 58% of the earnings distributed, with even more influence on the behavior of the company, and I'm sure that he'll keep the distributions coming and do his best to prop up valuations before he even thinks of selling!

He knows that his selling of shares would tank the value (as seen last summer), so we even have a bit more opportunity to make smart plays with the stock than he does.

If these ratings changes have any influence on unit price, buy the dip

[jugs]

At $19 we're looking at about a 9% gain from here in terms of capital appreciation---added to the likely 55 cents or more per quarter they will likely pay out.

Like you, I'm ok with this.