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Global Partners LP Message Board

  • citiccgirl citiccgirl Jun 23, 2011 1:03 PM Flag

    GLP BOFA Buy $30 price target

    07:32 EDT GLP Global Partners weakness a buying opportunity, says BofA/Merrill
    BofA/Merrill views recent weakness in Global Partners as a buying opportunity and reiterates its Buy rating and $30 price target

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    • Of course the fact that Merrill was one of the lead underwriters of 2 of GLP's offerings in the past year had nothing to do with its recommendation. No conflict.

      Actually, if the price of oil continues to drop, GLP might become a buy again. I still think Q2 will be lousy, so I'm sitting on the sideline for now, but if oil drops a bit more next Q, I might buy back in. I think I'll get one more chance in the (very) low $ 20s.

    • The same corporation-ML/BA liked Enron too.

      I'm not saying this is an Enron, but I am saying the coverage of the dividend has dropped every year for five years in a row.

      Analysts are wrong as often as they are right.

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