% | $
Quotes you view appear here for quick access.

Ferrellgas Partners LP Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • citi is looking to buy cheaper ... then sell high, reverse pump and dump

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Sorry buddy. Please stay with what you know. FGP only trades an average of 110k units per day. Citi couldn't make enough money to even pay their secretary's bonuses on a reverse pump and dump of Ferrellgas.

      The reality is the company has no compass. The most recent example on this Board is the touting of Blue Rhino's expansion into Canada and a year later they are selling off the assets at a loss. Also on this Board has been the discussion of how they spent $100 million on technology, but their operating expenses went up.

      I am in this one with you partner, and I pray that it gets better, but please make intelligent comments that we can all get something from.

      • 2 Replies to drivenhard32
      • I couldn't have said it better myself, the Blue Rhino thing is a joke, we have been told what a "Cash Cow" it is and then they start seeling it off and take a beating on the sale. You are also right on all the $$$ spent on the new operating platform, I believe they call it, but expenses went up even after they closed most of the service center offices (shedding expense to make it look better), but the customer losses keep mounting and the $$$$ that have been lost in business is unprecidented..........I bet they wish they had some of that 100-mil. in the bank now with this very mild winter, things are not looking very bright!!

      • drivenhard-the information I have seen states they have spent around $60 million on technology and operating costs are lower as a result. Where is your info coming from?

10.53-0.06(-0.57%)Oct 21 4:02 PMEDT