I am a low-level FGP employee who has been on the job for just a few years in the northwest, so what I am writing here is no top-secret insider info, but I can say that we are booming. Even going into the summer, traditionally a slower season, we are adding to staff and working like crazy. There has been a very large increase in auto use of propane, - school bus, smaller commercial vehicles, etc. and forklift use, with the economy improving, is through the roof. and the other segments aren't letting up one bit either.
The seeking alpha article is idiotic at best - the moron is arguing that FGP is doomed because they have consistently paid out a 10% divi over 19 years....WHAT??!?!!?! Yeah, that sounds like dead money to me. I disagree with some of the acquisitions (i.e. Mr BBQ), and I hate the fact that, as a shareholder (and with my own $$, not the ESOP) the terms of these deals are never disclosed, but things have worked so far.
If FGP does dip below $17, I will double my current holding from 1000 to 2000. I have been holding on to the distributions, and will gladly invest more. 10% is nothing to bash in this market.
I'd say this guy is on the up and up and a legit FGP employee. Just take a look at the job postings for drivers,etc,. a matter of public record. A positive report by FGP on EBITDA and another acquisition this morning.
Let's review. Guy claims to be employee in northeast. States he will not add to personal units until price is below 17.00. That really shows confidence in management. Why not say I'm adding now and price is headed to 23.00 if all is going well. Then along comes Nissan guy......please. I wish you two would get a room an leave the investing to the pro's. Just drive your truck and wax your Nissan and be happy with life. Wow! Hey Ferrell. Time to upgrade your HR pool.