I expect a 50-75 percent cut in the dividend any day now. A stock can`t fall 4 percent daily and pay a dividend. Just wait and see, i`ll be right. Good luck to you dreamers. Global warming is killing the need for propane. No demand = seek other investment like APPLE, GOOGLE OR AMAZON.
Well, well, well ... due to new weather developments, here's a much awaited and much-needed upgrade:
I, Belladetijuana, an excellent and one-of-a-kind-analyst, am upgrading FGP to a buy! A BUY!
FGP, with its excellent track-record in paying divvies, and dynamic management with average acquisition rate of approximately 3.2 per year in its 75-year history which has made it a big and important player in the propane gas and natural gas industry, I believe will continue to play an important role in the industry where it has done so well, and will continue to serve its customers in the communities it covers (all states including Puerto Rico and Hawaii), to the best of its ability, and will continue to deliver value to its shareholders!
I say the pps has bottomed, and the upside potential is now greater than the downside.
Actually, honestly, I like the pps to be low because it is a "drip" account for me and I get more shares re-invested if pps remains low.