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Inergy, L.P. Message Board

  • vickersviscount vickersviscount May 31, 2011 8:40 PM Flag

    Secondary/Midstream, growth, etc.

    I have a buy order in for tomorrow at $35 - figure the secondary (June 1) will push the price down about 6%, as 9 million shares is about an 8% dilution. I am impressed with their midstream growth rate, at some point the mid-stream business could exceed the propane business - especially if their proposed pipeline in the Marcellus Shale field comes to pass. The secondary will give them a lot of money to pay down debt, and for future expansion.

    I don't really care much about a "paper loss" on my existing shares tomorrow - I am a real buy and hold investor who is here for the payout - now above 7%.