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Inergy, L.P. Message Board

  • ferdiefor ferdiefor Jan 20, 2010 12:11 PM Flag

    Offering increased 500K shares

    and is being well received.

    NRGY has raised well over 1/2 of the cost of recent acquisitions with this offering at one of its lowest costs of capital ever.

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    • There was strong demand for this offering. I was lucky to get a bunch of shares and paid zero commissions on this secondary from one of the managing investment banks. The price closed up 45 cents from the offering price despite the dilution reflected at the offering of about 3 1/2 percent.

      New Unit owners will get the next distribution in early February. A nice yield.

      I can see why there was as much demand as there was for this investment. This is a strong company and I suspect that their business model attracted many investors such as myself to the offering.

      With the market dramatically in the red, many MLP's continue to ring green.

      Stay tuned!

 

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