The stock has gone fron 34 in Aug to 27 in October. Why? They announced an acquisition which resulted in several analyst upgrades. Does it all have to do with heating oil price speculation and hedge funds shorting the stock as a hedge against heating oil?
Look at the drops in same store sales for their retail locations. The new aquisitions overshadow the fact that they cannot maintain same store sales. More tank pickups than installs at these places when Inergy buys them. Someone (CEO) gets a huge bonus IF they continue this ponzi scheme.
All the MLP's work this de facto " ponzi " scheme. That's why they are doing so well. NRG reported record earnings this am, with dividend increases for g/p and lp . I'm buying at this 7.2% return. Brokers have upgraded all month.
A stock is usually upgraded after it`s already gone up-I like to do the opposite of what analyst says-a couple days after a stock is downgraded time to buy.A lot of traders selling stocks,buying bonds,thanks to Alan Greenspan.