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Ferrellgas Partners LP Message Board

  • brlc.blows3 brlc.blows3 Mar 27, 2013 7:46 PM Flag

    Keubiko is a genius!!

    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!!!!!!!!!

    Sentiment: Strong Sell

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    • 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.

    • Why the two thumbs down, but not one pumper can respond with an argument that there are factual misrepresentations in the Seeking Alpha article? It makes me look forward to the baloon pop even more!!

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