More dilution and insiders knew today and sold the stock
More dilution. It never ends even after the last deal with the GP. What a company. Wish I had known because I would have sold and bought something else. The stock decline since Aug 1 was telling us that all along.
Inergy, L.P. Announces Public Offering of Common Units Ticker Symbol: U:NRGY
KANSAS CITY, Mo. -- (Business Wire) --
Inergy, L.P. (NYSE:NRGY) announced today the commencement of an underwritten public offering of 8,500,000 common units. Inergy, L.P. also intends to grant the underwriters the option to purchase up to 1,275,000 additional common units to cover over-allotments, if any.
Inergy, L.P. intends to use the net proceeds from this offering (and the net proceeds from any exercise of the underwriters� option to purchase additional common units) to repay outstanding indebtedness under its revolving general partnership and working capital credit facilities and to fund a portion of the purchase price of its pending Seneca Lake and Tres Palacios acquisitions.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state.
Barclays Capital, Citi, J.P. Morgan, Morgan Stanley, and Wells Fargo Securities will act as joint book-running managers for the offering. A copy of the prospectus and related preliminary prospectus supplement associated with this offering may be obtained from the underwriters as follows:
Barclays Capital c/o Broadridge Financial 1155 Long Island Avenue Edgewood, New York 11717 Email: firstname.lastname@example.org
im always amazed at these chartists . they talk as if the entire market is a bar chart. by now they should be the richest people on the planet. oh what they arent. if the black box crowd cratered and burned these guys do also. its like the guys who try to count cards at the casinos with the casinos using 8decks. its amazing the language they use. these bands have been around for years and i had a good friend who used them and stochasits as a religion. did it for years a bright guy never came out a head. now i know there can be a place for charts but this mumbo jumbo is no more then witch craft proceed at your own peril. its like picking pro football games against the spread. over time u must lose to many variables. if it is this simple everyone would be rich. good investing dreiser139
the company they are buying along with the financing for this deal are actually ACCRETIVE TO CASH FLOW. it also turns them into 50/50 propane versus midstream which means rock solid cash flow and growth ahead (so it becomes more pipeline pure play) which means you should see 6% yield in 12 mos is my guess meaning the stock is 50.
i have been waiting to buy nrgy and today is the day at 8% yield.