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

To: Spekulatius who wrote (49993)	11/14/2012 10:45:38 AM
From: E_K_S	Read Replies (1) \| Respond to of 78742

Spectra Energy Partners Announces Pricing of Public Offering of Common Units Spectra Energy Partners, LP (SEP) (the "Partnership") announced today that its public offering of 4,750,000 common units was priced at $27.60 per unit to the public. The Partnership expects the delivery of the units to occur on November 19, 2012. In addition, the underwriters have an overallotment option to purchase up to approximately 712,500 additional common units. EKS

To: Spekulatius who wrote (49993)	11/26/2012 10:03:49 AM
From: Spekulatius	Respond to of 78742

Decided to close my Mog-A today @ 35.75$ after reading the recently posted 10k. I did not like their pension accounting too much, the liabilities are way up due to decreased discount rates and they still have not lowered the expected rate of return for their pension fund assets from 8.9% yet. I figure that lowering the return into the lower 7% range would add another 200M$ in liability. FCF was nothing to write home about either.This makes the stock valuation less attractive to me, than I initially thought.