Forgot to put the date I took these 'comparo' figures... 11/24/2015 from yahoo finance and scottrade for the "fundamental" CF/Sh. figures. Good luck everyone.
Let 's fan the fire more, I think this is just a start of a bigger rally. Consider comparing:
Looking at the PE of both company it's very clear that (21.91/12.28) SPH is 78.4% more expensive,
but, the most telling is the cash flow "wiggle room" in relation with the annual dividend...,GLP has 103% or a CF more than double its annual dividend, 'COMPARED' TO SPH ($3.58/3.55) negligible .08%. Clearly, the one who is probably in danger of dividend cut base on these fundamentals is .....? Please do your due diligence and if you can add a company with better fundamentals that provide a comparable yield to GLP, kindly share. Good luck to all.
It appears that all the units in question are owned or controlled by board members, Richard Slifka Chairman of the Board, Eric Slifka Director and Andrew Slifka Director. I don't think there is anyway that they are going to sell all their units. The more I think about the more convinced I am that this is estate related. I would like to increase my position but I think I will hold off for a while to see if there is any large increase in volume.
Okay, thanks. I see the shares were sold at 36.10. I find it hard to believe they would sell shares at this level, the stock looks so cheap here.
Not sure if it was expected but maybe it should have been anticipated. They sold almost 2 million common units back in March. I thought the March sale was possibly a tax related estate issue. I think the whole thing is estate related.
The action isn't good but the recent acquisitions will be reflected in the upcoming quarters. Why sell after 4yrs? Distribution coverage is fine and that's the most important metric for an MLP. Lower your cost basis or wait it out.
How does Glp look solid when the stk keeps tanking?
This prospectus relates to up to 5,049,848 common units ("common units") representing limited partner interests in Global Partners LP. The common units may be offered and sold from time to time by the selling unitholders named in this prospectus or in any supplement to this prospectus or document incorporated by reference herein. The selling unitholders may sell the common units at various times and in various types of transactions, including sales in the open market, sales in negotiated transactions and sales by a combination of these methods. We will not receive any proceeds from the sale of the common units by the selling unitholders.
Look at their coverage ratio..they've always held it higher than most peers in the LP space. Now growth, probably not much of that and its reflected in the 9-10% yield. They'll need more acquisitions since they don't have many options for organic growth.
Don't see much distribution growth, but we will hold at .70 per share. Already confirmed guidance for the year and gas demand is not slowing. At this point its just get paid to wait until the stock heads back up
So it happened again. It flirts with $ 35 and looks like it wants to rise, then down to the $ 20s again. Gas stations did well but wholesale distribution really tanked. Next quarter, it will be the reverse, with the same overall result of no consistency at the bottom line or DCF.
Couple of positives, especially with gas demand way up. Looks like we will be in the $30-35 trading range for a little longer. I will just keep taking that nice dividend of 8%
Most concerned with dis coverage and its 1.5. They've always done well at holding this up and increasing distributions, albeit slowly which isn't a bad thing.
Americans have spent their gas savings on buying more expensive gas and larger trucks/cars. All good for GLP