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Ferrellgas Partners LP Message Board

  • wmmy1939 wmmy1939 Dec 24, 2004 11:47 AM Flag

    bp53

    My wife has stocks in IRA yes you don't pay tax till you take it out but you will pay in the end the WHITE HOUSE is not going to let you off the hook. I just can't see how FGP for the price can pay the DIV it does. Look at the others NRGY SPH APU there stock price is more then 20 dollars. MERRY XMAS

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    • FGP is cheap because they are barely able to keep up with the distribution payout. AG Edwards puts out a monthly analysis on alot of the MLP's, FGP is always just making ends meet whereas many of the MLP's actually have coverage ratio's that are in excess of 1.2x or 1.3x. FGP usually has a coverage ratio of maybe 1.0x. In other words, they have just enough cash to make the distribution and nothing left to set aside. Nonetheless, it appears to me to be a decent MLP. NRGY is by far one of the best MLP's around, look at the growth in the distribution, anyone who bought it 2 or 4 years ago when it came out of the chute, is now getting a fabulous yield on their original purchase price(don't foget it has split and sometimes yahoo messes that up, especially on dividends and distributions).

    • I am sorry! I used to have FGP in IRA's but now keep a few shares in a regular account, where I can actually claim the losses. In march a K form is sent out from that you will be guided through the legaleeze of just what is owed to unkee sam....FGP is still a moderate risk but all MLP are that way. Stay away if you can not afford to lose it all! A good warning sign is an unstainable div. and continued purchases of smaller companies adding debt by heavy borrowing and selling more stock! CEO's are notorious for coloring the truth to line their pockets.

 
FGP
23.11+0.05(+0.22%)Dec 26 4:04 PMEST

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