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Inergy, L.P. Message Board

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  • lincolnparker60614 lincolnparker60614 Jul 24, 2011 10:17 AM Flag

    Cramer's name should be on wall of shame

    Well, I've taken half of my NRGY off at a loss. Looking to take the other half off soon. In a taxable account so at least it is a write-off.

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    • lincoln not trying to critique you but why have you sold?
      I find this the time to buy

      • 2 Replies to moneyonomics
      • The price target cut to $31.50 by Citicorp really got me moving on my last sale. I have a dickens of a time making money on a stock if I pay more than the WS price target. I'm applying the same logic to holding on to an investment. This logic kept me out of almost all MLP stocks at their highs and even the bluest of the blue chips Kinder Morgan is off its high. I still own some NRGY; just waiting for perhaps somewhat better prices to sell more.

        Lots of other stocks out there with better growth stories, dividend/distribution growth and price targets well above current market prices and I think better investments.

      • propane business is in both a long term and short term decline. Both NRGY and ETP are struggling with their propane business. Price target cut from Citi and I expect more to follow. SPH is also in decline. I have a short-term loss and will not let that turn into a long term loss. So, time to sell and move along. I think the storage business may pull things through for the long term, but I don't see that as a catalyst for this year.

        Sold half a couple of weeks ago, sold half of the remaining Friday and will probably sell the rest this week or next.

    • Write off in taxable account? Yes and No!!!

      Yes, for Capital Gain or Loss.
      No, for Ordinary Gain. Note, even though you sell at a loss, ordinary gain may be substancial of course depending on how long you hold your MLP stock. Ordinary gain is depreciation capture.

    • I think you are smart. Now sell the rest and be orders of magnitude above the posters on this board who want to buy this POS.

      NRGY is a loser compared to to some of the best MLP's out there.

      • 1 Reply to palladin_02160
      • FerrellGas just made another propane acquisition. I plan more research on the future of propane before making decisions on selling. I usually "trade around a core" and selling low doesn't make sense unless the business model is in trouble. If NRGY is going to go up in response to an improvement in propane demand, I'll collect the dividend for the meantime and make selling decisions when the stock is near a 52 week high.