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Byline: Dr. Robert Stepleman
Back in October of 2004, I alerted readers of this column to the opportunity presented by the stock of Kinder Morgan Inc., which I owned and still do.
At that time it traded at $62 and paid an annual dividend of $2.25.
Here's what I said for 2009 probabilities: "My primary model predicts that the chances are less than one in 10 that the price will be less than $65, two out of three that the price will be at least $113 and one out of two that the price will be at least $139."
Recently, Kinder Morgan, which trades on the New York Stock Exchange under the symbol "KMI," traded at around $97. Its dividend is now an annualized $3 per …