I am a Warren Buffet investor . . .I buy companies and hold them forever. . .we have held Chevron in the Family Trust since 1958, and my grandfather bought a couple of utilities (Consolidated Edison,and Duke, etc. in the 1940's). . .I now trade the trust for our family, and always look for nice stable mid-west companies like Inergy. . .slow but steady does the job. . .and considering the 10 year Treasury is paying 3.5%, a nice 8.60% is great - I have put it in both regular and IRA accounts for family members. So people who think if they buy a stock and it goes down is a dog??? I'll take that dog. . . .remember the old saying, "if you liked a stock at $50, you will love it at $30.
Have you been on any cc. the fact is that conservation is going to if not already have hit nrgy bottom line. that may be why it is in a trading of 32-27 for the last 3-4 years. with oil at 102, the party may be over for companies like these that depend on customer use. they store and transmit product and if we are not using it then the bottom line gets hit.
i have news for you, aa rated 20 year muni bond yields 8% after taxes. thats 24% in thre years and you know you will get your money back, this peice of shit as has had no grow since jan 2005. a full three years. i don't think buffet would wipe his ass with returns like that. but maybe in 40 years it will go up. i dont have that much time and i wont be here to see it. holding a loser
I like munis here but I like NRGY as well and I like it for the growth. They have quite a streak going for increasing the distribution. That isn't likely to stop anytime soon. Lehman has it rated high as well and I do count on their research.
I don't care much about stock prices as long as the dividend grows and revenue grows. . . .remember, if you never sell a stock you never loose a penny. . .besides, this will go up fast when the market bottoms out in a year or two. . .but then my time frames are long - 20 years or more. . .I have nephews at 3 and 4 who need to go to college in 20 years.