Ferrellgas Partners (FGP -3.3%) sinks at the open, apparently the result of a Seeking Alpha blog...


Ferrellgas Partners (FGP -3.3%) sinks at the open, apparently the result of a Seeking Alpha blog post that calls the stock "a balloon ready to pop... not only are the shares extremely overpriced, but that the 'income' investors are receiving is sustained only by an ever increasing mountain of debt and perpetual issuance of new shares."

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Comments (9)
  • GonzoOne
    , contributor
    Comments (255) | Send Message
     
    Yeah, great work. Destroy a stock for your personal reasons. Seems to be a litigation matter at this point.
    27 Mar 2013, 10:05 AM Reply Like
  • WmHilger1
    , contributor
    Comments (1725) | Send Message
     
    I like FGP very much and think it is actually under-priced. Look at the fundamentals! It sells propane all over the USA and is one of the top providers. Sales will go back up when summer comes and more people are staying home because of the economy, barbequeing and such.
    27 Mar 2013, 10:32 AM Reply Like
  • Jimmpop
    , contributor
    Comments (5) | Send Message
     
    I have owned this stock since day 1 . The article was probably accurate in the balance sheet statement ; however there was no due diligence on what management is doing going forward ! The personal opinion is just that . I'm more optimistic that this company and it's retail / wholesale outlets will find ways to sustain the volume ; I E : acquisition and or new product .
    27 Mar 2013, 10:39 AM Reply Like
  • GonzoOne
    , contributor
    Comments (255) | Send Message
     
    I should have said that I too have had this since day one. And am awfully tired of all those who try to beat them up. They are a well run company.
    27 Mar 2013, 10:41 AM Reply Like
  • kolbermoor
    , contributor
    Comments (2) | Send Message
     
    I doubt the verasity of the blogger. The part i disagree with is the dividend not being worth the $2.00 because of inflation. To me it doesn't matter, it still pays the $2.00. Any other stock paying a dividend for many years would suffer the same, so it isnot fair to pinpoint FGP. I have ridden this stock up and down for many years, and collect the $2.00 with much joy.
    27 Mar 2013, 01:35 PM Reply Like
  • CiGarcia
    , contributor
    Comments (4) | Send Message
     
    FGP has been an excellent performer for me over the last 5 years. This report by an avowed `shorter' of FGP really misses the mark for those that understand what FGP really is for investors...namely a dividend Cash Cow. I find no flaw in investor logic for being long with a company that has pumped out a $2.00 Dividend for as many years as FGP. Fact is, whenever there is a dip it allows me an opportunity to add at the lowered price and increase my DY. After all of these years of doing so my FGP yield against CB is a little over 12% rather than 10%. Our "shorter' report is so self serving it can easily be ignored (my opinion only).
    27 Mar 2013, 04:49 PM Reply Like
  • Peter Sehr
    , contributor
    Comment (1) | Send Message
     
    I have had FGP in my portfolio for over 10 years, for 10 years it has been trashed by the so called know it all's. Each time it takes a sharp decline I buy more. $2 a share dividend for what about 15 years who could ask for more. The one stock I will not ever put a stop loss on.
    27 Mar 2013, 04:50 PM Reply Like
  • brettwidenhouse
    , contributor
    Comments (7) | Send Message
     
    it was down graded , thats' why it fell today, not some article that cause all us share holders to panic sell. good grief.
    27 Mar 2013, 05:04 PM Reply Like
  • Martzee
    , contributor
    Comments (148) | Send Message
     
    I do not understand you guys who are somewhat whining about the author of the article which was supposed to "trash" this stock. I am more than happy for all those doomsayers thrashing stocks like this, because I can happily add more shares into my portfolio. In fact as far as FGP I wanted to buy, but the train left the station already when it was selling at 17 a share and I was hesitant buying at 21 a share, so now I am more than happy to see the stock going back down to get in in my price! I want this stock even lower! I want it to get to 17.5 or lower when I will be buying more shares! This stock was great in 2009 and it will be in 2020 as long as it continues paying the dividends. The only objection I would have is that the company doesn't increase the dividend.
    27 Mar 2013, 11:40 PM Reply Like
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