the dividend is getting close to being in jeopardy, bull market yet the price is falling, be careful and consider cutting your loses. doesn't make sense when the price of the stock falls more than the dividend being paid
That might be true, but at some point the credit line shrinks. FGP is probably paying 10-15% for their money. In fact, I know that for a fact. APU is borrowing at 6-7% but you still need to pay the debt off. Hey, if they heep the big divends, then great for them, but if the bottom falls out...Well you were a credit person.
APU stock was $50 a year ago paid a $3 dividend. today it's trading at $43.65, you do the math, repeat, don't find yourself in the trap of the dividend being eaten up by a falling stock price, better choices out there, for example; KFT a year ago $30 today $38 plus the dividend, do the math.
Calling a person a moron without good info demonstrates your ignorance a hole. Keep a close watch as we move to the future. Problem is, people like you don't truly understand the business and what the future holds. AmeriGas needs to do things like this to keep a grasp on the present. It is difficult for me to stay silent, but you will see.....
Finally someone makes sense. I appreciate your comment, as I have been preaching this for some time. Maybe you investors will take a good look. Couple this devaluation with Bank of Americas downgrade and a possible class action suit...Well nothing good can come.