Is'nt APU best considered a long term hold vs month to month swings, especially considering the +7.x %
Sell right before the dividend, based on an earnings report that is largely weather related?
Not me. I hope to be in APU for the long term.
It's only down approx a third of a percent as of 10:15 am today, after being down only one percent earlier.
Estimates earnings of $1.39...........actual earnings...a loss of $0.49.....This stock will nosedive tomorrow, ..back to the low 40s. I recommend you sell before the market opens to keep your loss under $5.
reviewed the Q4 degree-days data on the company website. The sales are going to be somewhat less than typical as dispute a cold Nov, the Dec warmth brought overall sales potential from cold weather to about 10% less than last year, and also somewhat less than historical norm. So, volume sold should be on the slim side for Q4. On the plus side, i think wholesale C3 prices have fallen more than retail.
wheels fell off the bus yesterday and today..... and probably will continue to do so up to ex divi, where it will really fall apart.....
Pre-dividend run up?
I dunno, but I sold GNRC a few weeks ago and bought into APU.
Enjoying the ride (so far!)
Sentiment: Strong Buy
According to the EIA data on retail vs. wholesale propane the spread has widened out considerably over the last few months. To the extent people are speculating that this will help APU short term vs. how much it will really help them is anyone's guess. HOWEVER, this will normalize over time and APU will be back to the thin margins that they normally realize on this commoditiy.
if the price of natural gas liquids is down along with oil & nat gas, that should reduce APU's cost as well, shouldn't it? And current frigid weather should be supporting retail price? So APU should be pretty well positioned for current market.