A Lot Going On In The Kinderverse
Separately, Kinder Morgan said its chairman acquired 100,000 shares on Friday at about $39 a share.
Also on Friday, the company said its board authorized the buyback of up to $100 million of warrants to to purchase Class P shares, which are its common stock.
Chatter
Nelson called the company's debt load "downright scary" and said its plans for dividend growth are at risk.
Moreover, a reorganization last year that abandoned its master limited partnership structure has caused marketplace confusion in evaluating the stock, according to Nelson.
"The company is heading for a big fall, and we're out," Nelson wrote, saying Valuentum had exited its position at $40 a share.
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