UGI is under accumulation by a number of funds and individual investors.
The stock is a compelling buy, because it is prepared to acquire interests
in Europe. The propane gas industry is relatively disorganized in Europe;
UGI is prepared to approach acquiring smaller companies as it would
approach and execute a military operation.
My initial position in UGI dates to 1950. My last preceding acquisition of shares was
1967 (both of these lots were acquired and held in trust).
I believe we have 25% upside share price potential in the next 18 months, little downside risk,
and a very decent dividend.
All the best,