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Technology Stocks : KMI- a fallen high dividend yielder - for how long? -- Ignore unavailable to you. Want to Upgrade?


To: E_K_S who wrote (54)6/29/2018 4:29:25 PM
From: robert b furman  Respond to of 160
 
Hi E_K_S,

I have some 200 at 35.00 and the rest were assigned from some $25.00 puts back when the dividend cut was made.

I doubled down to lower my cost average back when they announced the expected dividend increases through 2020.

I have also sold some 18 puts that if KMI stays below 18 - I'll get quite a few shares for a net of 15.83 .

Last month I had 3100 of KMI put premium expire and this next January I have some 15.00 puts that I think will expire to zero also - that 5,000 grand doesn't lower the cost basis, but it helps me metally stay positive on KMI.

if they keep to the expected dividend increses I'm ballparking I have an average cost of 21 ish.

It will have taken several years to evolce but I'll have a 5.7 % yield on my cost - not counting the put premium I collected.

Long term KMI is a great stock and zi expect their dividend growth the be strong as well.

I liked the sale of the pipeline to Canada, as proceeds were said to reduce debt.

Many still HAVE HARD FEELINGS ABOUT THE DIVIDEND REDUCTION.

They were doing the right things by becoming a C corp and I do not know who knew the Saudi's would pull such a massive flooding of oil in the market place - It caught most for a loop and KMI has done a good job of recovering imo.

It will be a long term buy and hold for me.

Have a great weekend - its hot here in Wisconsin!

Bob



To: E_K_S who wrote (54)8/6/2018 11:30:20 PM
From: E_K_S  Read Replies (1) | Respond to of 160
 
After 31 days was able to buy back my shares sold at $17.75/share for $17.62/share last Friday. AVG cost lowered but have another chunk to do in 31 days.

To avoid a 'Wash', you have to not Buy/Sell 31 days Before and After you transaction/ It takes 62 days to complete the Buy/Sell . .wash & repeat. To harvest losses, I do 1/2 of the shares in the 62 day cycle then the other 1/2 in another 62 day cycle.

I had a lot of $30/share basis stock from the conversion of the MLP to the C corp. I should get my average cost down to around $20/share after the two 62 day cycle are complete (ie 124 days).

I thin KMI is a 2019 & 2020 story stock especially as economy continues to grow and domestic Oil/NG usage increase and maybe get some growing exports too.

EKS