Seems like yesterday when this was trading at 34 bucks. Then it got stuck at 39 for a while and now I feel like genius buying more at 41 then a moron for not buying anymore in the 30s... Well, we are moving in the right direction and those tax free distributions sure are wonderful. Woulda, Coulda, Shoulda :) loaded up in the 30s..
GL to my partners.
Hey Boss, I don`t mean to be pessimistic & definitely don`t want throw a wet blanket on SPH right now or anytime, I just have to ask your opinion on how this will hold up when Old Man Winter is gone & warmer weather is back again?
The warm spring, summer and fall seasons don't impact on the business because they sell propane for other uses, but to a lower amountl every year. I was going to liquidate when it reacfhed 45 and then realized that if they doubled their revs with the NRGY purchase, then their profits had to go up accordingly. Depending on their ability to keep what they bought, I see the stock going to 60-70 with time. Why sell with a divi of 7-8% going? Duh!