Do you think the company has made enough this fiscal year? Mt Belview is at $1.09 per gallon. Selkirk was at $1.77 the other day, up over $.40 a gallon over the normal tariffs, etc Greed Greed Have an answer other then supply and demand? And for you Tom P Bite me
Where do people like you come from. You must be a corporate monger. Did you ever think of our Seniors? I know all about supply and demand. I also know about greed and gouging. Get a life sooner
Mt Belview was at $.82 this past spring. Add about $.20 up the line, $.02 perc and $.08 into a district and you get $1.12 laid in from Selkirk, NY. Give or take a nickle. On Monday I believe Mt. Belview was around $1.54. Add the same amounts and you get $1.84. I am told Selkirk is $2.64....Can you really not BS me and make me believe this is legit? Also, explain why AmeriGas is almost $5.00 a gallon in the Northeast? Do you think $2.00 = margins for heat is something the general public should pay?
Tom...Have not heard from you in a long time. Hope alli s well? When AmeriGas wrote down their earnings by 8.7 mil, I was shocked to see the share value go up. Guess PWC is working hard to not get another restatement. PCAOB is crawling all over them..I hope is does not affect your pocket Tom.
Tom Just answer the question. If the stock crashes, and in time you will see. My secret..The dividend will not be paid....so please answer my original question if you want to tell the truth...
Tom They missed budget by over 30 mil the first quater and are still behind in the second..How will they sustain the dividend if they continue to earn less EPS then they pay out..Just a simple math question. Do you support selling more units to pay dividend? If so, when will they stop paying the dividend? Tom...you greedy man..I hopre the stock sinks like the Titanic and you own mega..
Tom I have been quiet for some time now, but YOU want to stir the pot. Keep investing, it's your money. You see, AmeriGas has muddied the water with the Heritage purchase. Things are not as pretty as they look. They again missed their budget for the 1st quater. I believe in the 30 mil area. They speak about growth..Well Tom, when the customers realize that they are paying more then they have to..Wholesale cost 38% lower then last year, they will find a new company to do business with. AmeriGas is again pushing the margin button. This will eventually be the downfall of a company that could be great if they dumped their management team and put people who undrestand what real growth is.
Unfortunately, seven people were injured and two of them are in critical condition. This is not the first time this has happened at a facility where they fill 20 lb. cylinders. I believe this is a training issue and AmeriGas has cut their workforce to the bone at times. This puts people at risk..Sorry this has happened, but this will cost alot.
Tom...You must be frustrated. I only asked a couple of simple questions. When they report their year end results they will confuse you with alot of this and that. The truth of the matter is that the two combined companies will miss their budget by 200 Million +. That is real money. Yes the stock has risen and yes, the dividend is good. I just want to know what happens when the debt comes due, not enough money is made to pay dividend and what will happen with another warm winter..Act like a man Tom ...not a child with your statements..Look to the future Tom when I will surprise you with some interesting information...
This is for that investor who is really involved and strives for that big dividend. I am a common person who understands math and the numbers just don't add up. So...AmeriGas as a stand alone company had an EBIDAT of around 362 million dollars for 2012. Add in Herirage and the number goes up to about 650 million. They now tell you that they will finish 2012 at 382 million combined. That's about 250 million + short of target. Now, I read that they made less then $3.00 a unit and now they pay out a dividend of $3.20. They borrowed over a billion to get Heritage and their fiscal 2013 target is $645 million. I am told that they are losing customers at an alarming rate, they are over $1.00 gallon higher per gallon then the independents and they still have this enormous debt. If we get anothet warm winter, will they sell more units to pay the dividends? I am just a common person who is good in math. I would love to hear from the experts.
PS I also here that they have other issues pending that could deepen the debt.
I agree 100% about the gallons. Propane has fueled vehicles for over 40 years. Avg driver will not spend the money to convert and many are scared of it. Margins for selling as a motor fuel are tiny and you need to triple or better the number of gallons you sell to equal residential heating margins. Propane does have many uses, but corporate greed will not allow this to happen.
Do you really think that the warmer weather will allow this to happen? Remember the 1.9 billion debt? Just wait for the next results and look at their 2013 budget. You would be better off going to Vegas.
OK...Yes, as one writer states..this site is really about exchanging info for investment purposes. Problem is, most investors care only about their return. With that in mind, I ask each of you who continues to invest in a company that has major problems, when will you pull out? The third quater results will be out and AmeriGas is another 80+ million in the hole. One writer talks about cash flow etc. Yes AmeriGas finds a way to pay their dividends, etc. I worry about those who know little about AmweriGas and how they operate. On the human side, alot of good people are now out of jobs due to the Heritage deal. AmeriGas could give a rats a-- about what happens to these people. Yes, their will be fallout from any aquisition, but AmeriGas likes to clean house when they have employees that voice their opinions, either good or bad. All the things that AmeriGas does to reduce expenses are standard procedure for most companies. Problem again is that AmeriGas will severance out a long term employee who contributed for years just to save a buck. I wonder how they will deal with the pay differences that Heritage brings with them. All these problems will surface when the season starts. AmeriGas depends on weather to make profits. Weather has not cooperated lately. Mix in Heritage and the picture looks more bleak. Over a billion dollars was borrowed, dividends continue to rise even though AmeriGas has not made enough to cover. Weather continues to be warm. Customer losses are not helping. Sorry, but any investor who believes that AmeriGas can sustain if this trend continues needs to invest in pet rocks.
You probably have stock in that Pharmacy company who just paid 3 billion. I understand the type of person you are. The dollar is first and to hell with the rest. Have an opinion on fraud in corporate America??
I just read the last two comments. You are both 100% right. I guess I want to ask this one question. Does money come before anything? You invest in a company that treats their employees and customers like dog s___. You talk about the dividends, etc. Does it not matter to you how AmeriGas operates? If we have another warm winter, I can assure you that things will change. Remember this one thing...AmeriGas made $2.30 per share the trailing 12 months and paid out a dividend of $3.05. They have now raised that dividend to $3.20 per share. In order to do this, they sold over 7 million shares. At the time, they devalued each share by $7.00+. If you bought years ago, then you are still ahead...I guess I wonder the integrity of those who invest in a company that cares nothing about people...only the bottom line. Look to the future, as you eyes will open.
Re-read your comment about the home depot. Your opinion is your's and just that. I worked for 45 years and earned my SS. As far as unions go, I would not judge all using your statement. I wonder if the AmeriGas higher ups take cuts in pay and work short weeks?? I doubt it. You should do your homework before you make such statements. It's that driver at Home Depot who needs the thanks, not the greedy unit holder.
That's just what I would expect from a greedy investor. The people who do the job get squat while the big shots and investors reap the rewards. A nice message to send to the hard workers who work in the heat and cold to put some food on the table. AmeriGas has never paid very good. I would suggest unions for those who get shorted.They need a hundred million plus to get to budget...It will never happen this year.
I don't disagree with some of your thoughts. In their last quater results, AmeriGas estimated that they would finish fiscal 2012 around $385 mil. I know for a fact that the combined budgets were over $600 mil..That brings them in $200 mil short. Simple math.Let's not forget that they make no mention of Heritage when they give results. They make it sound like just AmeriGas. Another warm winter and the continued growth loss will make things worse. Sorry, but time will tell.