This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration. Need a new registration confirmation email? Click here
Market Cap: $12.5 billion
This is a bonus pick. While
Plains All American Pipeline (PAA - Get Report) is technically a large-capitalization stock, I still want to point it out to you.
Last week the company sold shares in a spot secondary issuance. The secondary was priced at $80.03 vs. a closing price of $82.36 at the market close the same day. The stock is still selling around the secondary offering price. I bought stock on the offering, and my experience is that once you buy an MLP on a secondary issue and hold it for a short period of time, the stock will return at least to the pre-secondary, and you might also grab one or more dividend payouts along the way.
-- Written by Scott Rothbort in Millburn, N.J.