Rich Kinders response to the bear attack? Richard Kinder buys - TopicsExpress



          

Rich Kinders response to the bear attack? Richard Kinder buys 500K Kinder Morgan shares. Kinder Morgan (KMI +2.6%) CEO Richard Kinder today bought 500K KMI shares at $35.47-$36, worth $17.9M, an SEC filing reveals. Last week, Hedgeye asserted KMI and its affiliated companies were headed for a fall, apparently over how the Kinder companies account for maintenance and capex spending, commodity hedging and acquisition strategies. The CEO owns more than $8B worth of various Kinder entities; would anyone really put this much of their savings into a fraud?
Posted on: Mon, 09 Sep 2013 20:18:05 +0000

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