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Inergy, L.P. Message Board

  • lner2512 lner2512 Nov 4, 2011 6:28 PM Flag

    Amerigas reports Tuesday

    Maybe an NRGY tell.

    Cramer is on today saying stay away from all the propane plays--they haven't been making their numbers, the business is cut-throat, he doesn't like any of them. I wouldn't argue about Amerigas, Ferrelgas or Suburban, but I think the NRGY IPO makes it different. They'll pick up $300M and improve their ROE, plus a probable IDR kicker down the line. That and a possibly colder-than-normal winter would allow them to report good Q1 results. Q2 should be a cake walk, given that they wrote off over $50M in 1020's Q2 that will not recur. After that, who knows--maybe they revert to the mean?

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