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Global Partners LP Message Board

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  • richardleeds richardleeds Oct 13, 2011 5:32 PM Flag

    Earnings estimates keep going down

    share price keeps dropping because they lost money last quarter, and as a former Shell gas station owner I can tell you that gas station margins are terrible.

    If you look closely at Global Partners its dividend coverage 5-6 years ago was outstanding: 1.8x but that has dropped every year to now where they are at around 1.0x coverage. There is no reason to think that the coverage of the dividend which has been in constant decline year after year will not drop further which means a dividend cut in 2012. When that happens these shares probably drop further.

 
GLP
31.49+1.24(+4.10%)Aug 28 4:06 PMEDT