Another day in the red, I'm shocked I tell you, just shocked!
#$%$... any chance they turn the ship, or are the bondholders going to own the co. or screw the employees and shareholders
Impairment charge is driver for the neg 6.7 EPS. Good time for buybacks starting now. Buying before big boys jump in.
News. Annual distribution rate reduced in half per common unit. Bottom set, squeeze.
I personally would never buy a tank of BLUE RHINO propane from the nearest convenience store, when I can go to my local propane shop and fill up my own tank for a fraction of the price.
i dont get this. A stock that pays over 8% how can it be doing this bad?
2000 tank cars X $6000 gross per year - that's the best they can do with their tank cars - pretty pitiful considering what they paid for them - they do not have the skill set to even make that - in liquidation the railcars could go for as little as $5500 per car - what did they pay for Bridger? $850,000,000 - totally brilliant acquisition, just brilliant.
In an article posted six hours ago, Zacks said:
"At this time, the stock has a great Growth Score of 'A', though it is lagging a lot on the momentum front with an 'F'. However, the stock was allocated a grade of 'A' on the value side, putting it in the top 20% for this investment strategy. Overall, the stock has an aggregte VGM Score of 'A'. If you aren't focused on one strategy, this score is the one you should be interested in. Zacks' style scores indicate that the company's stock is equally suitable for value and growth investors."
Meanwhile, the units just hit a new 52 week low of 4.36. It's also a 16 year low.
Question: What are they smoking?
the CEO should be .........................................SHOT
Totally loading up (sarcasm)
I guess we left all the "$6.50 bottom" Bagholders in the rear view mirror. It's amazing how that works.
Moody's downgrade 6/29 - Its kind of funny that they downgrade once the unit price has reached a 10-year low point. It proves my theory that they don't perform periodic reviews, and simply react to the market. The same thing happened after the Bridger collapse, unit price cratered, then the downgrades went flying.
Not sure if anyone pays attention to the bond market, but FGP's bonds are yielding over 9%, essentially junk territory. Why that's interesting to me is that in the capital structure, bond holders need to get paid back 100% before common equity sees even a penny. Therefore, it would make sense that equity has a higher yield to compensate for the risk. Currently, it does not and I believe it's short term value is $4.00 or less.
Oil Trains Remain Industry’s Long-term Plan for Shipping to West Coast
Despite a string of recent successes by West Coast communities to block the construction of oil-by-rail facilities, the oil industry has no plans to give up using rail to move oil to the West Coast. And it isn’t hard to understand why. There are no p
My offer to consider apologies from all Bagholders, pumpers, and touts who said I was wrong still stands. Please admit that I was right and beg forgiveness.