In the fourth grade, I became obsessed with music. I listened to rock ‘n’ roll and pop music every waking moment that it was possible. I fell asleep to my clock radio listening to 99X, my favorite radio station in New York.
One of the songs I remembered they played all the time was Toto’s “Hold the Line.” Whenever I hear that song these days, I always smile – and usually sing, much to my kids’ mortification.
However, anyone who holds LINE – the ticker symbol for Linn Energy LLC(NASDAQ:LINE) – may not have those same warm feelings that I do when Toto comes on the radio. In fact, they may feel more like they just watched Miley Cyrus “twerking.” Sick to their stomach.
Linn Energy is a popular master limited partnership (MLP) thanks to its hefty dividend yield. However, the stock got crushed in July when it was revealed it is under investigation by the SEC.
We’ve gotten some questions to our Investment U mailbag about the problems at Linn. For example, Robert C. emailed asking whether Linn will be OK after its completion of Berry Petroleum Company(NYSE:BRY). In February, Linn said it will acquire Berry for about $4.4 billion.
On the surface, it’s easy to see why someone would be excited about