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Ferrellgas Partners LP Message Board

  • r_you_experienced r_you_experienced Apr 3, 2013 7:45 AM Flag

    from an FGP employee

    I am a low-level FGP employee who has been on the job for just a few years in the northwest, so what I am writing here is no top-secret insider info, but I can say that we are booming. Even going into the summer, traditionally a slower season, we are adding to staff and working like crazy. There has been a very large increase in auto use of propane, - school bus, smaller commercial vehicles, etc. and forklift use, with the economy improving, is through the roof. and the other segments aren't letting up one bit either.
    The seeking alpha article is idiotic at best - the moron is arguing that FGP is doomed because they have consistently paid out a 10% divi over 19 years....WHAT??!?!!?! Yeah, that sounds like dead money to me. I disagree with some of the acquisitions (i.e. Mr BBQ), and I hate the fact that, as a shareholder (and with my own $$, not the ESOP) the terms of these deals are never disclosed, but things have worked so far.
    If FGP does dip below $17, I will double my current holding from 1000 to 2000. I have been holding on to the distributions, and will gladly invest more. 10% is nothing to bash in this market.

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20.18-0.11(-0.54%)Aug 31 4:02 PMEDT