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pete807

12/18/15 10:48 AM

#1784 RE: jugs #1783

Cramer was always so in love with Rich Kinder and had him on his Mad Money a lot and recommended Kinder stock so often. He must be tasting the mud in his mouth these days and it ain't good. They always had such a stupid high P/E ratio and it was ignored because they had "sustainable" dividend... NOT. My biggest mistake was not to sell when I had the gains tax paid as of April 15th. Now Kinder dragged every MLP down in the eyes of Wall Street. Just as stupid because many will have long term financing in place and cash flow to cover the payouts. The whole MLP structure is now in question due to the credit industry and fed printing press. I read every day how the U.S. is headed for a very big crash/depression due to the debt. The recent budget bill passed by the corrupt idiots in D.C. is exhibit #1. When will someone get the runaway spending in control. They are spending money people born 100 years from now might be able to make, cuz everything between now and then is already owed.
My question is this: Why does cheap energy kill so many stocks that should be booming with the additional use of affordable fuel? Stocks that are powered by pipeline use.
They got too far ahead projecting their growth projects and competing with each other on gathering assets with borrowed money? Guess so!