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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (40069)	11/15/2010 8:03:36 PM
From: Jim P.	Read Replies (2) \| Respond to of 78712

I never short and consider WPZ a long term buy. Valuable article none the less. The reason I like WPZ is the growth potential with very long lived assets. A value that will be apparent in the next down cycle in the economy. I like MLP's in general but am willing to let cash build in the near term as the asset class has had quite a run. WMB on the other hand might be worth some risk capital that is not designated for cashflow. I am heavily biased on dividends or distributions but will consider value propositions if I can generate return with options. If WMB's intrinsic value is such that I can afford to wait for the value to be recognized I would not mind owning and selling calls. It might seem illogical since WMB is one way to own WPZ on the cheap and I recognize it as such. Companies that pay cash to owners have been on a tear this cycle and not sure when it will be over played. I am sure like all things it will be. Jim