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Inergy, L.P. Message Board

  • stdennis44 stdennis44 Sep 9, 2010 11:53 AM Flag

    Heard NRGY mentioned on Cramer.......

    Looks like a solid stock.
    Good history on dividend payment.
    Not much short interest noted.
    Looks like a good long term buy and hold to me.
    Cramer effect raising price short term so I would wait and let her settle down before buying.
    Just thought I'd give an outsiders view point who has no stake in the stock.

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    • Last time Cramer recommended NRGY it kept going up and didn't stop until NRGY announced buying out its GP in AUG. Then it fell on several downgrades and one upgrade from analyst firms.

      Citi downgraded believing the distribution would have to be frozen unless NRGY could make $810M in investmts at 9x. I believe the push back in is because the acquisition of the NGL storage meets that requirement and NRGY will in fact maintain distribution growth. Cramer reported it last night but I got in yesterday morning in the pre-open bids because I kept my research after selling NRGY just prior to the GP announcement. I think NRGY now being more focused on NGL going forward (according to their CEO on Mad Money last night) means NRGY heads back to its highs prior to the announcement about the GP acquisition.

    • If you can predict short term movements, you're smarter than me. I took the 7.5% + distribution, that will likely be stable with some growth. Bird in hand....