An old Jim Cramer fav, KMI, has been getting its fucking brains bashed in, over the past three weeks.
As the price of oil drops, calls for KMI to slash its dividend heighten.
Here’s a data dump of some research out tonight.
I know dividend cuts for pipeline companies is blasphemy. But this stock is getting shot to hell. Something needs to be done to firm up the balance sheet to make sure KMI can live to fight another day. Clearly, management has their heads up their collective asses and they haven’t been able to assuage the panickers.
Throw the kitchen sink: cut the divvy, conduct business and when things firm up, hike it up again.
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