NKA warns of distribution cut | MLPs Message Board Posts
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Msg  20979 of 43441  at  8/11/2011 9:56:59 AM  by

rdking647

The following message was updated on 8/11/2011 10:01:36 AM.

NKA warns of distribution cut

 
their 10-k talks about  continuing to make distributions at the current level through tthe remainder of the fiscal year but they expect DCF to only cover 72% of the distribution.
 
That to me is a giant red flag warning of a cut in the future
I owned it and I dumped it on the opening ,even though its down 8%.
to many other MLP's with less risk.
 
current yield 10.4%
assuming only 72% coverage that = a yield of 7.5% at best in the future if business doesnt improve
 KMR for example is a 7.9 yield with better visibility
 
 


 
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