by David Kranzler
Investment Research Dynamics
By 2015, KMI had become a personal cash piggy bank for Richard Kinder. Kinder owns 234 million shares. Before the dividend was cut 75% in late 2015, he was raking in dividend payments at a rate of $468 million per year. Basically he was running the Company like a Ponzi scheme in order to fund his massive personal dividend payout. – Excerpt from IRD’s Kinder Morgan Report
I started working on this Kinder Morgan report in early January. I have taken my time in assessing the Company’s financials and I wanted to make sure that my thesis about the Company was credible because it is very rare to find anyone who is willing to issue contrarian analysis on KMI