Apparently, that's the way the propane business works. I could have written your post and substituted Suburban for Amerigas.
yeah, and when nothing changed. not even the weather.
You could say the same about Intel. What changed between early summer and late summer, then what changed back again this past month??? I can't find a thing except willingness to hold common stock.
I'm wondering whether the distributions on the group can be maintained in the present environment of increasing inventories and declining prices that appear to have no end. Presently, FGL yields ~9.15%, SPH ~9.49%, NGL ~10.5%, and APU ~8.37%. Looks to me as if it's too way late to sell but too soon to buy.
You're living in yesteryear, my friend. Companies don't split the way they used to. The stock will go up if earnings and revenues go up to justify it. The price of the shares means absolutely nothing. In the current environment, there are far more reverse splits than conventional splits. (That's what happens when a company has to force the price higher. Look at C (CitiGroup) as an example of a reverse split.) Making the share price cheaper does not mean that the price will go higher. Take a look at what happened to EPD (Enterprise Products Partners) after their last split. Biggest mistake the company ever made. I very much doubt that you'll ever see APU split the shares. The whole MLP and LP sector is coming unraveled. Half the publicly traded MLPs will likely be gone in the next 5 years after mergers, takeovers, consolidations, etc.
The whole MLP/LP model is in shambles. The whole group has gotten crushed. It might be many years before they recover, but in the meantime we're likely to see major consolidation leading to far fewer players in the sector. The pain could continue for a lot longer than you think.
People like you should not be allowed off a leash in public. If there's a Dummies book on investing, it was written for Dummies like you. Do yourself a favor and learn the fundamentals of investing before you plop down your money on something you know nothing about.