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Inergy, L.P. Message Board

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  • norrishappy norrishappy Jan 27, 2012 12:09 PM Flag

    math assignment

    Competition to maintain volumes in a very warm winter seems to be killing all the players. Give Crammer some credit as he has been waving folks off this industry.
    I agree a 40% cut, worse than I had assumed, along with expense cuts is most probable. Management will want to throw in the kitchen sink and be absolutely sure there are no more cuts. So I believe they will model in 1.2 DCF coverage with the .2 coming from structural expense cuts.
    I think pricing is now so tight there are no players who can or would wish to ‘push’ for market share right now. It will be interesting to hear all the calls and see if this is a good assumption or not.
    Long term normal weather and finally; after all these years, improving employment rates are the keys here. But I also believe American consumers will be more frugal like the greatest generation for the next 40 years.


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