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AmeriGas Partners LP Message Board

erusa62 60 posts  |  Last Activity: Nov 11, 2014 7:33 PM Member since: Nov 12, 2011
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  • erusa62 by erusa62 Nov 11, 2014 7:33 PM Flag

    I just wonder how much revenue does AmeriGas need to lose before investors pull out. They just settled for about $600K in Michigan for price gouging. They settled in Ventura county Ca. for $800K because of collusion. The FTC just got them to admit to collusion with Ferrell Gas and the price tag has yet to be determined. Vermont got a nice settlement too. Is it OK to try and cheat the system because the dividends keep coming? hey Tom, rob a candy store and see what happens to you. Would love some feed back. By the way, this is not the end to their fraudulent ways.

  • erusa62 by erusa62 Sep 30, 2014 11:58 AM Flag

    I keep reading how investors are making great dividends and what a buy AmeriGas is. I guess I wonder how long can they sustain. Michigan ASG is suing them for price gouging, they paid out $800K to Ventura county in Cal. Vermont AG got his share too. Do they accrue for all these suits? As an investor, I like money, but getting it in a way that hurts those who cannot afford to invest is wrong. One will now tell me to not invest in AmeriGas. The suits will only get larger and more frequent. get out before you lose that precious investment.

  • erusa62 by erusa62 Apr 2, 2014 11:16 AM Flag

    Does anyone have any integrity left, The FTC just filed a complaint for collusion, This is factual. They paid millions to satisfy a class action suit back then. This is nothing new with AmeriGas.

  • Reply to

    AmeriGas employee here

    by amerigasinsider Feb 4, 2014 10:03 PM
    erusa62 erusa62 Mar 18, 2014 11:06 AM Flag

    You seem to answer only some quetions. Why? Because you know thje truth and dont want to lose your job. Get off the ite or answer all quetions

  • erusa62 by erusa62 Mar 14, 2014 3:17 PM Flag

    AmeriGas Employee

    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

  • Reply to

    Pricing

    by erusa62 Feb 7, 2014 12:08 PM
    erusa62 erusa62 Feb 12, 2014 10:54 AM Flag

    I agree

  • Reply to

    Pricing

    by erusa62 Feb 7, 2014 12:08 PM
    erusa62 erusa62 Feb 12, 2014 10:53 AM Flag

    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

  • Reply to

    AmeriGas employee here

    by amerigasinsider Feb 4, 2014 10:03 PM
    erusa62 erusa62 Feb 7, 2014 4:16 PM Flag

    answwer the pricing issue I posted

  • erusa62 by erusa62 Feb 7, 2014 12:08 PM Flag

    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.

  • Reply to

    More Cold Weather, More Sales

    by tom_rosplock Mar 10, 2013 9:51 AM
    erusa62 erusa62 Mar 14, 2013 9:22 AM Flag

    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...

  • Reply to

    More Cold Weather, More Sales

    by tom_rosplock Mar 10, 2013 9:51 AM
    erusa62 erusa62 Mar 13, 2013 4:10 PM Flag

    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..

  • Reply to

    Now APU at $44, Were are The Bashers?

    by tom_rosplock Feb 2, 2013 9:39 AM
    erusa62 erusa62 Feb 4, 2013 9:29 AM Flag

    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.

  • erusa62 erusa62 Nov 10, 2012 9:26 AM Flag

    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.

  • Reply to

    Fiscal 2102 EBIDAT

    by erusa62 Oct 16, 2012 10:41 AM
    erusa62 erusa62 Oct 30, 2012 9:46 AM Flag

    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.

  • Reply to

    DCF exceeds Distributions

    by tjmcbntmkr Jul 30, 2012 4:29 PM
    erusa62 erusa62 Aug 1, 2012 6:56 PM Flag

    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.

  • Reply to

    DCF exceeds Distributions

    by tjmcbntmkr Jul 30, 2012 4:29 PM
    erusa62 erusa62 Jul 30, 2012 6:32 PM Flag

    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.

  • erusa62 erusa62 Jul 30, 2012 11:21 AM Flag

    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.

  • erusa62 erusa62 Jul 25, 2012 4:27 PM Flag

    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??

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