Value Investing Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Spekulatius who wrote (53347)	2/12/2014 8:26:35 PM
From: E_K_S	Read Replies (3) of 78714

El Paso Pipeline Partners, L.P. (EPB) Our back stop arrived today in the form of Richard Kinder (CEO of EPB). El Paso Pipeline Partners CEO disclosed buying 100K shares at $29.84-30.22 on 2/11, worth ~$3.0 mln I missed my add on Monday when the stock traded at a 3 year low but have been accumulating shares as this one has dropped in price. It looks like that 8% yield magic "value" number triggered Mr. Kender's recent buy. It was not the case w/ BWP as I saw nothing of the parent Lowes and/or Andrew Tisch the co-chair of Loews Corporation making any buys when BWP hit an all time low Monday (a 49% drop in price). It's nice to know we have a back stop buyer in EPB. There must be a lot of value in the name for the CEO to buy at the market price. EKS

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next