Silicon Investor (SI) -- The First Internet Community

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 : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: Steve Felix who wrote (22895)	5/11/2015 1:04:59 PM
From: E_K_S	Respond to of 34328

Re: KMI warrants - The nice thing w/ the warrants is that you have time. As KMI reports earnings & revenues every quarter, investors will see that dividend growth. As that kick's in, stock should move higher and the warrants will follow. I believe the company also stated that they were buying back those warrants. Not sure if they are still doing that so it might be worth the time to see if they stopped mentioning that in the CC. This was dated October 16, 2013 KMI authorizes additional share repurchase up to $250M shares, warrants - KMI’s board has approved a share and warrant repurchase program authorizing KMI to repurchase in the aggregate up to $250M of its Class P common stock or warrants to purchase shares of its Class P common stock. This $250M repurchase program is in addition to the $350M share and warrant repurchase program that the board approved in July of this year, of which approximately $16M of capacity remains. There was some speculation that KMI was buying back shares to cover any shares issued w/ the warrants so there would be no dilution. Maybe that was complete in 2013/2014. I have a GTC order in for more warrants @ $2.78/share but doubt I will ever see that price again. EKS