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Inergy, L.P. Message Board

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  • marklibera marklibera Jan 27, 2011 11:18 AM Flag

    Shouldn't we be getting news on the distribution soon?

    Well, to be fair, I think you might want to look at a longer period of comparison. Over the last 2 years, this MLP has doubled in price and has raised the distribution considerably, while at the same time making accretive acquisitions, expanding significantly into the midstream business, taking out their general partner (and thereby reducing their cost of equity) and issuing lower cost debt. While the distribution increases may have stopped temporarily, you get paid 7% to wait for the new acquisitions to kick in.

    Might not be a strong buy here, but certainly not a sell.