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Inergy, L.P. Message Board

  • investorseeker investorseeker Nov 29, 2010 3:26 PM Flag

    CEO On Mad Money Tonight

    They said on Stop trading today.

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    • here is the blurb from seeking alpha regarding the interview:

      "CEO Interview, John Sherman Inergy (NRGY)

      Inergy (NRGY), the fourth largest propane play with a natural gas storage business that Cramer "adores" reported a disappointing quarter on Monday. The stock dropped significantly, but recovered to close down just 22 cents. Cramer wanted to know if the company's generous dividend was still safe. CEO John Sherman reassured Cramer that "the first thing we make sure of is that we are protecting our dividend of 7.2%, and we want to combine cash flow and growth." Sherman explained that this was an off-season quarter that only reflected 10% of the company's annual earnings, and there were non-recurring issues with propane demand and a regulatory delay in impending acquisitions.

      While John Sherman said the supposed threat natural gas might pose to the propane business is a "non-issue," he was very positive about the natural gas storage business. The company strategically locates its operation between areas with natural gas-rich shale and centers of high natural gas demand. Cramer says he feels better about Inergy after hearing from the CEO and recommends buying the stock."

    • CEO says dividend is safe.