Recent

% | $
Quotes you view appear here for quick access.

Inergy, L.P. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • rebeldoe rebeldoe Jun 18, 2011 1:56 PM Flag

    NRGY still looks overpriced to me

    With creative bookkeeping being used by corporations today the book value means nothing and are for the most part not accurate.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • we are talking about companies that report their cost of assets on the balance sheet which they write off as depreciation and d the number of shares of stock issued.

      So the question remains why pay 50% more for NRGY since the price of its shares are more expensive.

      Billion dollar businesses all have certified audits which disclose the cost they pay for their leases, equipment, pipelines, drilling, storage, etc. These companies all write off as much as they can according to the Internal Revenue Code over the useful life of the equipment according to schedules established by the IRS.

      So why is NRGY 50% more expensive than my other holdings for each share of stock for about the same dividend yield.