Re: SMLP going to zero???? An opinion from SA's Long Player
Need to seek out better opportunities ... wait before trying to buy SMLP at a low price with a questionable dividend that may still cut the dividend again.... this is a muddy pro and con argument.
Better to wait for EXXON Moble 's XTO to actually concluded their joint partnership enterprise. By then some questions will be answered and perhaps even a better debt outlook. Must consider that as improvement becomes apparent and the stock price remains low that a buy out offer could try to take advantage of the cheap price. The stockholders old and new would lose out on the expected improvement and higher stock price.
All the above is just my opinion. Do you feel lucky? Cause right now the "facts" are fragile and murky and could change the picture with the slightest movement of the kaleidoscope.
there are so many really good choices still selling at their 3 yr. lows (or within 10--20 percent of their lows) which deserve your attention first...