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Strategies & Market Trends : Value Investing
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To: Spekulatius who wrote (52373)9/13/2013 7:11:46 PM
From: Paul Senior1 Recommendation

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Bocor

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KMI: I added to my position.

I'll follow Mr. Kinder who bought 500K 9/9/13 @ $35.74.

I've been a follower of Fayez Sarofim and his picks for maybe 20 years. In addition to his money management business, he is a director of KMI. With the stock at about $37.60-$37.80 in August, he added to his position (bought $15M worth).

To see a 5% yield on KMI would be nice, also rare. Looks like last time it occurred was around Nov '11. That WAS the time apparently: Mr. Kinder must have believed so-- he bought 19.7M sh for $500M.

Stock closed today about $35, yielding about 4.5%. With distribution of $1.60/sh, at $32 the yield's 5%. My intent is to average down if/as stock drops on no adverse news.
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