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Inergy, L.P. Message Board

  • tradedollarnut tradedollarnut Mar 15, 2012 1:53 PM Flag

    Bankruptcy? No way

    Infinitely more likely than bankruptcy is management starts dropping down assets to NRGM at market value to fund the distribution. My bet is we get a surprise that it's cut by 25% or less.

    First up - salt storage at $200M according to analysts. Bet that's on the books at less than a quarter of that value. $150M gain will fund the full distribution for years.