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Ferrellgas Partners LP Message Board

  • reocane reocane Sep 23, 2013 12:23 PM Flag

    Took profits on my shorts at $22.

    Going to wait until earnings next week. The only way this company justify this valuation is if they come up big on revenue. Let's see if they can.

    Sentiment: Sell

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    • Well, you couldn't have had too much profit. Even if you shorted at $23 you had to pay out the distribution and then you'll have taxes on a short-term gain. So you're pretty much at $0.

      I agree, let's see how the earnings go. I've been in this stock since 2001 at $15 per share and collected $24 worth of distributions and still have an investment valued at $22 per share. Not a bad ride for me. I have a stop-loss at $21 to protect my profits and I hope it never triggers. If it does go down into the teens again I'll watch it and buy back in at a lower level...

      I love not being able to lose!!!!! :-)

 
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