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Inergy, L.P. Message Board

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  • masoy.philippinski masoy.philippinski Jun 9, 2011 10:44 AM Flag

    Cramer's name should be on wall of shame

    Cramer is the only trillionaire in the US. He makes mad money on every stock he pumps every minute.

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    • Propane has had a bad year, according to an ETP CEO interview on Mad Money. He said that is highly unlikely to happen two years in a row. I'm happy collecting the dividend while NRGY inches up again. I guess it depends on where you bought, but c'est la vie if you bought much higher. I have made a lot of money on MLP's Cramer mentioned on his show (and others I found researching Cramer picks) and I appreciate Cramer's books and his charitable trust portfolio service. If you blindly buy any stock touted by anyone, you need to look into the mirror to find who is responsible. Cramer will be the first to tell you he is not always correct. He does not receive money for stocks mentioned, contrary to your implied libel.

      • 1 Reply to elle_cid99
      • I was expecting NRGY to rally enough to get its yield up to 100 basis points over SPH which was 5.5% I think. Instead, SPH has declined enough in price to raise its yield to 6.71% and NRGY is 130 basis points above that. SPH is the blue chip propane MLP and is also suffering. I'm tempted to take my loss in NRGY and buy into ETP or EPD.

        KMP, the blue chip of the gas pipeline business traded down $5 and then they did a secondary pushing KMP off $7 or 10% from its high. risk not thy whole wad.

        I compare MLPs to the 10-year Treasury note which is currently 3%. NRGY is about 500 basis points over that. This indicates a real risk aversion that is being driven by European sovereign debt concerns and a possible slowdown in the US. The Greek debt crisis will come to a head soon.

 

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