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Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

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Sumflow

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Sumflow
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  • Reply to @scott: The KMR discount is an opportunity to Investors. If your broker is selling off your fractional shares without your permission, get another broker. All the top brokers will reinvest dividends if you request it. KMR does not have a …
  • Reply to @ron: The time to buy is when Richard Kinder buys shares in his own company, with his own money, for his own account. There is only one reason that he would do this. KMR almost always trades less than KMP although it should trade at a p…
  • Reply to @scott: Reply to @scott: Excellent Scott, this would have been the time to buy KMR. It does not matter how many shares he owns. He could have got them for $1.00 a share. What matters is how many he purchased and when.
  • Reply to @scott: Normal investors will have sold off long before they have to worry about liquidation values. KMR is a holding company and like most closed-end funds usually sells at a discount to the underlaying security. Pipelines are still the…
  • Reply to @BWG: KMI has greater growth, When purchased at a discount KMR has highest yield. In spite of the obvious dangers pipelines are still the safest way to transport energy over long distances. Warrants are a good way to add leverage to your c…
  • Reply to @BWG: The shares in KMR are more significant because they were purchased with cash. With insider trades we look for purchases. Over on that link Statsguy says KMR pays its income in stock splits which is a myth that is completely untrue. …
  • Reply to @BWG: Discount has narrowed almost to nothing as of today.
  • Reply to @scott: KMP distributions cannot be taken as stock.
  • Kinder Morgan Energy Partners (KMP) and Kinder Morgan Management (KMR) issue two separate securities that provide essentially identical cash flows. In a perfect capital market with a representative investor, the value of a security depends only on …