I thought the SA article was well thought out and hit the nail on the head. It does not surprise me that none of the FGP supporters have yet to point out one argument in the article that is factually inaccurate.
I performed my own, albeit much more simple, analysis based on the quarterly cash flow statement, six months ended January 31, 2013.
Distribution - ($79,814,000)
Proceeds from increase in long term debt - $22,552,000
Net additions to collateralized short term borrowings $60,000,000
There you go - borrowing $82.5 million smackers to pay an $80 million distribution is not sustainable!!!!!!!!!
Every one of the "factual arguements" have been made here, a dozen times, in the past.
Every time reality has proven them inaccurate.
No one needs to point out the errors.
Time will take care of that.
Meanwhile, I locked in a couple thousand untimate profits today.
Selling continues, and I will lock in more.
IF thing become as insane as last year, I will lock in multi year cash requirements.... Just as I did the last time idiot short sellers provided me with the opportunity.
So, knock yourself out, kid.
I can always use more money.