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Avoid Williams Companies

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Williams trades near lows as a key executive departs ETE.
Negative news swirls around a key customer in Chesapeake Energy that questions the stable cash flows from the pipeline business.
The recommendation remains to avoid the stock with the business model under pressure and no guarantees on the cash portion of the ETE deal.
After another tumultuous week, Williams Companies' (NYSE:WMB) shareholders find the stock trading close to new multi-year lows. My previous warning was that a restructuring of the cash portion of the Energy Transfer Equity (NYSE:ETE) deal was needed despite the statements from the Board of Directors.
 Read the full article on Seeking Alpha.


 Disclosure: No positions mentioned. Please read the disclaimer page for more details.

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