I'm not sure that the drop is due to their qtrly announcement. There was too much lag time and it's dripping and dropping at very low volume, which implies investors suspect trouble ahead. The other possibility is year-end selling.
Don't be surpsised at some ugly news in early Jan.
dripping and dropping is supposed to be bullish.;). It has been a mild winter so far. Its a weird stock. Remeber when we hit 34?, it was the same thing death by a thousand cuts..and then it went up 10 pts, lets hope the same thing happens when the Distribution goes from 3.41- 3.50.
Good luck to my partners and Happy Holidays.
They missed the numbers even though they did sell a lot of propane but didn't take a beating @ the announcment maybe it was priced in. With the Distribution increasing next ex-date (as I read it on SPH's website), I would think it would be higher but #$%$?
Its not a heavily traded stock.
True they missed the numbers, but this is long after their announcement, which might indicate a different problem. It's slow and consistent. Normally if the numbers miss the analysts slam the stock and there is a quick, big drop. This is not the case.
True they missed the numbers but this drop is far after their announcement and discussion of qtrly results, which might indicate a different problem we are not aware of. The other clue is that the drop has been slow and consistent. Normally if analysts don't like what they hear there is a quick, big drop. This is not the case.