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Inergy, L.P. Message Board

skynet2point0 3 posts  |  Last Activity: May 11, 2015 3:06 PM Member since: Dec 16, 2011
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  • Reply to

    Dividend cut

    by fred_c_dobbs00 May 5, 2015 10:23 PM
    skynet2point0 skynet2point0 May 11, 2015 3:06 PM Flag

    Seriously? Look at the history. I wouldn't be surprised to see this trade in the 13s. This was not panic selling, it was simply a fund adjusting to the reality of the new yield. With the significant premium that this fund carried, it deserved that type of sell off. This fund usually trades around a 7% yield. Would not be surprised to see it back there again, particularly since interest rates are expected to increase later this year. Wait until the distribution is paid and those shareholders that don't realize there was a divy cut yet start to digest the news...

  • Reply to

    over 10% price drop

    by mikectm2 May 7, 2015 8:06 PM
    skynet2point0 skynet2point0 May 11, 2015 2:59 PM Flag

    Be careful, they made a very significant cut to the dividend. I would not be surprised to see this trade into the 12's. When the dividend was this low before, it traded with a 10% discount to NAV. Admittedly, that was a different interest rate environment, but this thing usually trades around a 7% yield. With rates expected to go up, I wouldn't touch it until we see 12/share.

  • Reply to

    Good bye and Bon chance to all

    by hanseatic_2001 Apr 24, 2015 11:06 AM
    skynet2point0 skynet2point0 Apr 24, 2015 4:30 PM Flag

    And this, my friends, is how a stock finds a bottom.