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Ferrellgas Partners LP Message Board

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  • ch4_tycoon ch4_tycoon Aug 21, 2009 10:05 AM Flag

    people bash fgp well thank you for helping my profits 10 to 19 is 9 kaching

    <<I'm still a little green. I've only been investing for 25 years.>>


    LOL. I am even greener...only investing for 29 years and having the stoopididity to get out of the market in early Sept 2008. I guess I am stoopid, because I like FGP at this level.

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    • I drastically reduced exposure in from July 2008 to about mid Dec., while most kept investing with blind 401K's...etc...I had my $$ on side line except for a select few stocks. So while most lost half their retirement...etc...I was in damage control mode. And now it's paying off. Maybe lost 10% while most lost 50% or more. So if you good at math that's 40% more money I'm playing with at the lower stock price levels. As for stupid that's is making a statement without having good basis and fact to back it up.

      I have been watching the FGP price and I passed at 12 level so I sure won't buy at 19 or 20. Dead money in my opinion. However, I've been wrong before, and I'll be wrong again. I'd love to see the stock price for FGP go to 35 or 40 a share. But the numbers to which I have access don't warrant such levels. What numbers are you looking at? I'm not sure why it's past $12.50 at this point.

      What are your business reasons for wanting to buy FGP at these levels?

      What makes you want to take the risk on FGP and their current management team?

      Being in the market 29 years you know past performance is no indication of future performance. Please don't taqke this wrong I'm not disrespecting your opinion. I just like to base my decisions on good solid fact. Why not go with T, GE, or even WMI. I think all are better in short and long term. T is still creating new solid products. GE got caught in the financial mess as did most companies in the past economic environment. But GE has a solid future because of their diversification across many industries. WMI, one man's trash is another man's treasure. I'm not pumping these stocks, just providing so options for what I could purchase. I like to know that the car I'm looking at buying actually has something of value under the hood. I just don't see that with this company numbers or management.

      FGP has had almost 1 million residential customers for the past 10 years. They have acquired smaller companies to assist in gaining customers, and invested in technology to improve operations, but they have not experienced significant growth. I listened to the last con. call and Mr. Ferrell made a comment about how the shorts will soon pay. That was just before the run in the stock price. I recall my thought at the time was, one I can't believe he just said that and two run your business and the stock price will reflect your results. I didn't hear one thing from the call that made me want to purchase the shares. Maybe the business is doing better and the stock price does in fact reflect the operations?

      I requested a annual report from FGP some months back using their new internet site so I could better understand their direction and they failed to provide the information, or responded to the request. That shows a complete lack of responsiveness. If they won't respond to a potential investor, how do they respond to their customers. If you invest in FGP or any other stock the numbers, facts and management strength should be you guide. All you said was that you like FGP at this level. WHY?

 
FGP
24.34+0.42(+1.76%)Apr 17 4:01 PMEDT

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