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Strategies & Market Trends : Dividend investing for retirement

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To: E_K_S who wrote (31762)	7/26/2019 9:35:46 AM
From: Elroy	Read Replies (1) of 34328

One main reason I started a position in UAN was Carl Ichan's investment. He owns a large stake in CVRR. I think your analysis is off by a bit. Ichan owns a large stake (maybe 100%?) in CVI, the parent MLP. CVI owned 80% of CVRR, and recently bought the remaining 20% which was owned by the public. CVRR is now 100% owned by CVI. I don't think he paid a premium for it, he just said he would give the public unit holders the average price of CVRR over the previous 20 trading days. So........he used his control of the parent to benefit himself, perhaps at the loss of the public unit holders. I worry he may do the same thing (or something similar for UAN). If it's outlook is AWESOME, and he can use CVI's controlling interest (53%) to force a sale to CVI at "market prices", it's not good for us poor public unit holders....... CVI owns 53% of UAN. If repurchasing the expensive UAN 9.5% debt is a good idea, why in the world didn't UAN prepare and do it the first day / week it was possible? I wonder.

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