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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Jerome who wrote (5691)	4/19/2018 11:54:33 AM
From: robert b furman	1 Recommendation Recommended By berniel Read Replies (1) \| Respond to of 26880

Hi Jerome, I stay clear of trendy stocks with high valuations, because when the correction comes they get hurt the most. Me too! Here is one I have been accumulating : KMI They made the switch from MLP to a Corporation due to higher cost of funding. Their timing was horrible and the debt taken on from the change of business required them to slash their dividend from 2.00 a year to 50 cents. The CEO (Richard Kinder is a bit of a blowhard ,but works for a $1.00 a share) - I like that. He also is the largest shareholder - I like that. Their earnings came out today and I've recapped them on a thread I monitor here : Subject 59698 I like Kinder think natural gas has huge growth as coal is doomed and exports of LNG are now just beginning. If bought today,and kinder continues his projected dividend growth through 2019 @ $1.00 and 2020 @ $1.25 It will be a solid dividend growth stock and yield 7.47 % from then out into the future. Many people are once bit twice shy on this one - but so far it is working like a slot machine. I've read some studies that document companies that cut or suspend their dividend, often return to past dividend levels more quickly than others - it appears KMI is one such company. Weekly : screencast.com Daily : screencast.com After your own DD - be good to see you over at KMI thread! Bob