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Strategies & Market Trends : Dividend investing for retirement
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To: Steve Felix who wrote (22901)6/12/2015 1:33:24 PM
From: E_K_S1 Recommendation

Recommended By
Thehammer

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From Investor Village - MLP s

Re: KMI/WS warrants

KMI BOD authorizes open market purchases of the warrants up to $ 100 millionForm 8K filed this morning.

api40.10kwizard.com

Interesting. It is abundantly clear that the BOD is of the opinion that KMI will be well north of 40 by late May 2017.

So, rather than having these additional shares to ruin a eps goal, they can buy out the warrants.

So, the choices were let's say $ 100 million divide by $ 39/share and thus take out less than 2.5 million shares - OR -

Take the $ 100 million, divide by 3 or less and take out about 33+ million shares.

Obviously, the BOD has more confidence in KMI stock, as compared to that Brian Nelson character.
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