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Inergy, L.P. Message Board

  • vickersviscount vickersviscount Nov 20, 2008 12:29 PM Flag

    Irrational price drop = cold weather

    considering the price of propane is down, the profit margin should be up, and the entire East of Rockies is having a cold wave to last for another week (and forecast of a colder than normal winter), the stock price should be up. . .ok, some unemployed people will not pay their bills, and there will be some write-offs, but people need heat and cooking. . .I would say the recession should have taken 10% off the price of the stock, but a 50% drop is beyond belief. . .this is showing market bottom as fools bail out. . .I have been buying a few companies - APU, NRGY as prices have gone down. . .unless I am missing something, our dividends seem pretty safe in this industry.