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Inergy, L.P. Message Board

fred357mag2000 17 posts  |  Last Activity: May 26, 2016 1:20 PM Member since: Apr 4, 2011
  • 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.

  • Reply to

    We Have to all vote no

    by twconner Apr 28, 2016 8:58 AM
    fred357mag2000 fred357mag2000 Apr 29, 2016 2:17 PM Flag

    Everyone who reads the forums could vote no and it would not matter one wit! It's a done deal, end of story.

  • fred357mag2000 fred357mag2000 Apr 26, 2016 7:21 PM Flag

    No one cares, really.

  • Reply to

    sell to Exxon

    by accesstables Apr 20, 2016 10:12 AM
    fred357mag2000 fred357mag2000 Apr 21, 2016 7:55 PM Flag

    Considering the position CLMT has gotten it'self in I think it's highly unlikely anyone is ready to piece up the pieces. At this point it's strictly sink or swim and no white knight is coming to rescue them.

  • Reply to

    What a worst stock this is!

    by hzhan1 Apr 15, 2016 2:19 PM
    fred357mag2000 fred357mag2000 Apr 19, 2016 1:06 PM Flag

    No, look at CLMT and be happy you don't own it.

  • Reply to

    extremely nasty people

    by lessbs Apr 16, 2016 6:18 AM
    fred357mag2000 fred357mag2000 Apr 17, 2016 10:01 AM Flag

    "typically hold losers too long"? well, count me in on that one! I rarely allow myself to run a loss this long, however I have played CLMT many times over the years and figured this was no different. Never dreamed things were so bad they would cut the distribution to zero. More debt, plus the new bond offering with 11.5% interest makes me concerned real about future of the company. The only thing good about this is I got religious over this past couple weeks. With Fridays news I think I will end up a monk!!

  • Reply to

    extremely nasty people

    by lessbs Apr 16, 2016 6:18 AM
    fred357mag2000 fred357mag2000 Apr 16, 2016 9:11 AM Flag

    I think it's really to prove 'insiders' were the sellers, but agree the selling this past week for sure is highly suspect that 'someone smelled this coming. I hope this will be that last blast of negative news out of CLMT. Sitting on 8,000 shares at $23.00, I am not all that sure how to play this out or if just too many holes in the boat to plug.

  • Reply to

    Here's what's going to happen (IMHO)

    by bayousaint58 Apr 15, 2016 12:53 PM
    fred357mag2000 fred357mag2000 Apr 15, 2016 2:40 PM Flag

    I find it interesting not two months ago this ran from $8 low to $14 when Brent was at $43-$44, and now on NO news it's selling off like BK coming. No news, nothing! Now in little over two weeks we will be on the EX date and the run up is going the other way. So depressing to see it getting hammered everyday. Just hope for some good news out of the home office sometime...

  • Reply to

    mottley dumbsh*ts

    by lessbs Apr 13, 2016 1:57 PM
    fred357mag2000 fred357mag2000 Apr 13, 2016 4:03 PM Flag

    Yep, sure looks like it.

  • Reply to

    DIVIDEND CUT LIKELY ?

    by vonstutt Apr 13, 2016 1:13 PM
    fred357mag2000 fred357mag2000 Apr 13, 2016 4:02 PM Flag

    They sure not going in increase the distribution!! I am thinking they will hold to current number for rest of year. If things still suck for them, .50 would be on the table for sure. The price action has really been poor and just gets sellers into any blip on PPS. Have to pray earnings will have a few bright spots this time around but not holding my breath. For now the MOJO for CLMT is in the can. Painful.

  • Reply to

    Down another 8% today........

    by hrdwkgdog Mar 29, 2016 10:33 AM
    fred357mag2000 fred357mag2000 Mar 31, 2016 9:43 PM Flag

    Even insiders don't want to own this dog, why would you think it's a great buy after dropping from $65 in six months? They sure don't think so. This has always been a pump & dump stock because of it's small float that allowed games. This no better than the likes of other under water drillers. I pointed this out six months ago, look it up. "strong buy" from $140? How stupid is that?? Can't even read a chart either..