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Suburban Propane Partners, L.P. Message Board

nadsmis 209 posts  |  Last Activity: 9 hours ago Member since: Jun 23, 2009
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  • while TTC is trading today at a 52-week high, this position has long legs. the next earnings report come May 21st oughta be stellar as Toro should have record revenue due to snow outs across eastern seaboard and midwest. couple the increased sales to core business with the results from the Boss purchase and TTC should fly high. mayhaps it may be time for the BOD to consider a dividend increase to keep yield on par with PPS increase?

  • Reply to

    unreal...

    by nadsmis Mar 25, 2015 12:07 PM

    rc,

    i hold MAIN primarily for its good track record of distributions. it provides me with a tidy income stream that i can depend upon while i draw on monthly social security benefits and annuity payments. unfortunately, over the past 1 year, MAIN's PPS performance has sorely lagged behind the Dow and the distributions simply haven't made up for that disparity. couple that with opportunity costs and, you are right, i'd have done better somewhere else. anyone would have - including you. ah, but don't we just hindsight. fortunately for me, MAIN and my other BDC' holdings account for only about 27% my stock portfolio.

    despite all your obsuscation, i wish you and all Long holders of MAIN financial success.

    now go about trying to be more civil.

    Nadly

    Sentiment: Hold

  • Reply to

    unreal...

    by nadsmis Mar 25, 2015 12:07 PM
    nadsmis nadsmis Mar 25, 2015 7:32 PM Flag

    i was trying to respond to our pumper RC but came out as a "New Topic".

    you are probably correct about Foster but, i want him worried. i am not too dismayed by MAIN PPS as of late. i try to treat it as an Income Stock vs. Growth Stock. always nice to get both tho.

    don't sign me up for a proponent of SO's. altho by definition BDS's must return 90% of profit to shareholders, can't they reduce debt or invest earnings by granting new loans?

  • nadsmis by nadsmis Mar 25, 2015 12:07 PM Flag

    wow. what a narrative.

    increase in dividends cannot be tied to secondaries. however, drop in shareprice sure can be and is typical of SO's and the dilutitive effect it has.

    here is a definition of "dilutitive" for you rc,
    Stock dilution is an economic phenomenon resulting from the issue of additional common shares by a company. This increase in the number of shares outstanding can result from a primary market offering. This dilution can shift fundamental positions of the stock such as ownership percentage, voting control, earnings per share, and the value of individual shares.

    i know how you love to pump but come on, be real. were i to know prior to a secondary occurring, i would dump. it is obvious that many dump just after the announcement. quite frankly, as another poster pointed out previously, the effect to PPS was not as bad as i thought it would have been. thank goodness.

    Sentiment: Hold

  • Reply to

    The market is waiting for an excuse to tank?

    by thewisejman Mar 24, 2015 11:23 AM
    nadsmis nadsmis Mar 24, 2015 5:11 PM Flag

    thewisej,
    SCO dropping hard after the bell today. down over a point in after hrs trading....
    stay on top of that one.
    i am holding MAIN and ARCC BDC's and considering buying BKCC. BKCC continues on an a sustained up trend and outperforming all other BDC's as well as market in general.
    other than that i will continue to hold other positions as well as cash position of 40% my equity portfolio. i too am finally coming to believe that there may be a market correction. also think as we near June, Fed will raise rates and am watching all utilities getting hit. they will get hit harder and represent some real buys. am keeping the cash position for that eventuality.
    my thought is to let run what i currently hold (other than perhaps buying BKCC) and then letting the market show itself over next few months. will definately buy back in but not until summer.

    good luck...

  • Reply to

    PLOW expectations

    by nadsmis Mar 18, 2015 8:40 PM
    nadsmis nadsmis Mar 23, 2015 12:18 PM Flag

    you asked, i told you. i also agree PLOW yield is good but still pedestrian. with that great year, and Q, would have been nice to see dividends raised higher.

    i still hold PLOW as i consider it undervalued. i am also a bit wealthier after i bought into the dip from the ER and then took profit.

    i am also glad i hedged PLOW with TTC. both are in the snow business and i also consider TTC to be undervalued, perhaps oversold. PLOW distributes a better dividend but is very volatile and unpredictable and subsequently beta is high. that is partially due to being a small cap stock with smaller float.

    counting on TTC to have a great earnings report come May just as i expect PLOW to also have a good report come May 4 for 2015 Q1. am just leery of increasing PLOW position as i do not trust what Janik may say. he could kill it again.

    Sentiment: Hold

  • Reply to

    PLOW expectations

    by nadsmis Mar 18, 2015 8:40 PM
    nadsmis nadsmis Mar 20, 2015 2:52 PM Flag

    xxx,
    here is a short list for you then...
    MAIN = 6.80%
    ARCC = 8.95%
    UHT = 4.58%
    i keep those 3 as long-term income stocks. sold off higher yield stocks as they were energy stocks or positions i closed in order to do some profit taking like FLY @ 6.70% and SIX @ 4.83%. got it?

    i sold off 50% of PLOW a couple days ago.

    P.S.
    you've got a big mouth.

  • nadsmis by nadsmis Mar 19, 2015 11:39 AM Flag

    enough is enough. all energy, and energy related industries, are going to continue to get beaten down. altho NSH is a tier 2 oil related industry, they will get hurt right along with tier 1 oil producers.

    good luck....

    Sentiment: Strong Sell

  • nadsmis by nadsmis Mar 19, 2015 11:37 AM Flag

    closed this position. have seen enough. all energy, and energy related industries, are going to continue to take a beating as the oil glut continues - and it will. oil production already being curtailed and cut back as the Saudis continue to produce and increase their market share.

    IMO TNK, despite good earnings, will slide along with oil producers. yield is pedestrian at best and not enough to keep shareholders patient. This market condition will prevail for many months. maybe years. if oil prices rise, producers will begin to pump thereby again lowering oil prices. TNK is a tier 2 oil related concern. they will slide right along with oil.

    Sentiment: Strong Sell

  • Reply to

    Good news for TNK...

    by daltomah Mar 16, 2015 10:51 AM
    nadsmis nadsmis Mar 19, 2015 11:31 AM Flag

    kosmis,
    you're a die hard pumper. pure and simple. TNK getting clobbered again. wonder when you will face facts. energy, and all related industries are simply out of favor.

    Sentiment: Strong Sell

  • Reply to

    Facing the facts!

    by joelindell86 Mar 14, 2015 11:03 AM
    nadsmis nadsmis Mar 19, 2015 11:06 AM Flag

    you do when the cost to feed and house is more than what you get for the milk. you slaughter and sell the meat. No different than yield not beginning to cover the drop in PPS.

    ETP has hit my sell point and i am out. have seen enough and don't see anything that indicates a reversal of continous bleeding.

    may buy back if the energy sector begins to come around. won't be anytime soon.

    Sentiment: Sell

  • during last earnings release CC, Janik expressed concern that 2015 may not be as good as 2014 which immediately drove down PPS. today's market surged after Janet Yellan's statements on Fed interest rate. DJI was up 1.27% while PLOW closed up 1.32%. IMO, appears as if shareprice should now pretty much move with the market until next earnings release on May 4 for Q1 2015.
    doesn't look like shareholders should expect PPS to deviate too much from market performance. in other words, no capital appreciation deviation from overall market NYSE. $.89 dividend equates to 3.8% yield @ today's close of $23.16. that is pedestrian at best.
    with yield of 3.8, and little upside opportunity to PPS, looks like PLOW is going to tread water for next couple months.
    thoughts?

    Sentiment: Hold

  • Reply to

    ARCC wants to issue shares

    by d.jamgochian Mar 13, 2015 10:29 AM
    nadsmis nadsmis Mar 18, 2015 1:13 PM Flag

    d.jam
    total meaningless speculation. why do you do that?

  • Reply to

    buffet bought GE back in 06 for $34

    by aud802009 Mar 16, 2015 10:36 PM
    nadsmis nadsmis Mar 18, 2015 12:40 PM Flag

    ah so. chop chop

  • Reply to

    Facing the facts!

    by joelindell86 Mar 14, 2015 11:03 AM
    nadsmis nadsmis Mar 17, 2015 9:28 PM Flag

    arbr,
    excellent post. on target, valid, relevant.
    don't get tired of posting. i value your commentary.
    good luck.

  • nadsmis nadsmis Mar 17, 2015 9:23 PM Flag

    mayhaps you are watching too much Cramer. Don't forget to throw in the cup and handle analysis as well. lol.

    were it so simple.....

  • Reply to

    Good news for TNK...

    by daltomah Mar 16, 2015 10:51 AM
    nadsmis nadsmis Mar 17, 2015 9:19 PM Flag

    ceejay,
    ignore the knucklehead. some moronic posters simply can't handle anyone saying anything that doesn't agree with their opinions and paradygms no matter how rediculous they be. they're typically angry with themselves when they take capital losses, or fail to take profits, and then look to take it out on someone.

  • Reply to

    earning report???

    by nadsmis Mar 11, 2015 1:56 PM
    nadsmis nadsmis Mar 17, 2015 9:08 PM Flag

    looks like you are correct. took profits and ran too early.

  • nadsmis nadsmis Mar 17, 2015 9:07 PM Flag

    oh right. and they buy into the law suits, fines, and legal fees. what a dumb thing to say.

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