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Inergy, L.P. Message Board

fred357mag2000 7 posts  |  Last Activity: May 26, 2016 1:20 PM Member since: Apr 4, 2011
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  • Reply to

    Sell at 7.40?

    by fmemelli May 26, 2016 10:19 AM
    fred357mag2000 fred357mag2000 May 26, 2016 1:20 PM Flag

    I know the feeling. I owned CLMT at $23 8,000 shares and held until $5.00!! Fell in love with it and ended up with a huge loss than normally I would have taken by 10% and called it a day. The smaller refiners are ones at the higher risk if this market keeps a tight hold on margins. Then risk of them having to cut off the distributions to ride the markets out. Think that's the bigger risk here.

  • Reply to

    Maybe maybe not

    by cshjr4 May 24, 2016 11:37 AM
    fred357mag2000 fred357mag2000 May 24, 2016 12:51 PM Flag

    LOL, of course not! I just charge them double! With that extra bit of change allowed me to retire 16 years ago to a water front home on Marco Island, Florida.
    Funny retort though, enjoyed it.

  • Reply to

    Maybe maybe not

    by cshjr4 May 24, 2016 11:37 AM
    fred357mag2000 fred357mag2000 May 24, 2016 12:27 PM Flag

    Generally employees are the last person that has any 'real' knowledge of what the corporations are doing, and only know what they read, and hear at water coolers. I think this is the extent they are "informed to some degree". Would also like to have a nickel for every time employees came to work and find the doors locked and a sign 'closed, out of business' and thought everything was fine. I really have no idea why anyone buying stocks would be walking up to employees and asking them such things in the first place. Now that sounds dumb!

  • Reply to

    ALJ DK deal

    by govpur May 20, 2016 10:13 AM
    fred357mag2000 fred357mag2000 May 20, 2016 1:14 PM Flag

    Mr Market seems to be saying no one is buying out ALJ, at least foreseeable future. Highly doubtful with most all refiners at best breaking even, most losing money. Profit spreads getting smaller and smaller. So would not be buying just with that thought in mind. Markets in general look top heavy and any sell off will take everything along for the ride.

  • Reply to

    Tim Go Purchase

    by budfoxtrading May 16, 2016 9:01 AM
    fred357mag2000 fred357mag2000 May 18, 2016 12:28 PM Flag

    Reason why 'out of pocket' insider buys not effecting the PPS is because they are not all that impressive. Compared to what they are making a year at CLMt it's pocket change. If you were seeing 100K purchases that would be different. Hardly a vote of confidence at this point. Besides, for all we know they may well be buying puts to off set the trades. Still too soon to be looking at a bottom until CLMT can prove they can make some money for a change. Paying 11% for debt is a big waving red flag to me on top of what they already have to deal with.

  • Reply to

    P/E was what?

    by rockmanv2002 May 5, 2016 9:51 AM
    fred357mag2000 fred357mag2000 May 5, 2016 1:38 PM Flag

    Number of reasons a company can have a low p/e of 2.5 and all are not good.

  • Reply to

    Zacks humor

    by slacklman May 3, 2016 10:34 AM
    fred357mag2000 fred357mag2000 May 3, 2016 4:26 PM Flag

    It's about as bad as all the so called 'experts' only six months said the best place to be is in the refiners. Smaller refiners going to keep getting hit, however the ones with little debt will be able to survive to see better times. I got killed owning CLMT and am out now. The debt load may well unravel the company into chapter 11 before any hint of light at the end of the tunnel. I don't think the rest of this year is going to be kind to the refiners. The rally in pipe line company's is also way over done. Cash on the side lines is the best play for now.