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Inergy, L.P. Message Board

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  • cptn_buzzkill cptn_buzzkill Jan 31, 2012 9:07 AM Flag

    Bad news built-in already! Going UP now

    They really need to state what the cut to distribution is going to be...not delay the inevitable. Once people have a comfort level as to the new distribution there will be more buyers.

    From today's release...nothing really new, but:

    """For the twelve months ended December 31, 2011, Inergy generated distributable cash flow of approximately 68% of the total cash distributions paid for the period. Although there are a number of factors that may impact its operations through the remainder of this fiscal year, a material improvement in distribution coverage is not expected. As previously announced, management is conducting an evaluation of the operating businesses at Inergy, and is in the process of a major cost reduction initiative in its propane operations. In addition, management and the board of directors of Inergy are evaluating a reset of the quarterly distribution to a level that is supportable by the cash flow expected to be generated from Inergy’s businesses in the near term.""""

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