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Global Partners LP Message Board

  • richardleeds richardleeds Jul 21, 2011 12:48 PM Flag

    Global reports loss

    Global Partners said that it continues to face pricing pressures and has reported a loss for the quarter.

    I will not be surprised to see a dividend cut. I'm thinking of selling here, as I would expect a significant drop if the board cuts the dividend.

    Might have an opportunity to buy back in at $20-22.

    Not worth holding until we see how they do over the next two quarters. If this continues we are in trouble in the price of shares. Yes, they are going to cut the employee numbers but the business could decline further during the next quarter and this could drive down shares further.

    Better to wait from the sidelines.

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    • Alright trading is one way to make money. Once you've made enough and are old enough, you start thinking about balance sheet strength, gas flow, security.

      These guys deliver gas to gas stations. The link in the delivery system and the retail sellers of the same product make very little money. The guys making the serious money are the producers as it always has been. I guess that's why Exxon and Shell are where they are at today.

      One of my plays for appreciation only is CHK. Lots of potential as they are reinventing the product mix and the balance sheet.

      But yes, there is a great deal of up and down on a daily and weekly basis with the MLP sector. I own a ton in that sector because the income is sheltered, but watching it every day and the effect of big dividends, there is great fluctuation in price in the short term, daily and weekly.

    • I bailed a month or two ago. Got sucked in by the yield. If you want to own gas stations, probably better to own VLO or Conoco. If you want yield, there are tons of MLPs with better distribution growth, and share growth because of that distribution growth

    • The distribution/dividend is being maintained for this quarter.

 

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