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Star Group, L.P. (SGU)

NYSE - NYSE Delayed Price. Currency in USD
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10.36-0.49 (-4.52%)
At close: 4:00PM EDT
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  • K
    Kimikro
    Hope the Company is buying back a lot of shares at this price. Let’s get the share count to 35mm. With $130mm of annual EBITDA- we would be at $3.7/share of EBITDA * 6 = over $20/share!
  • m
    mark
    Just when we are in an after earnings rally the colonial pipeline goes down--major supplier in the northeast---No problems for 5 or 6 days--lets hope it gets fixed
    Bullish
  • m
    mark
    This looks like someone got a margin call--its was at 10.95 with 18 min. to go.---margin debt is 813 billion up 49 percent from a year ago
  • m
    mark
    Renaissance Technologies LLC, also known as RenTech[4] or RenTec,[5] is an American hedge fund based in East Setauket, New York,[6] on Long Island, which specializes in systematic trading using quantitative models derived from mathematical and statistical analyses. The firm is regarded as the "most successful" hedge fund in the world.[7] Their signature Medallion fund is famed for the best record in investing history. Renaissance was founded in 1982 by James Simons, an award-winning mathematician and former Cold War code breaker.
  • m
    mark
    Dividend cost 20 million dollars when started in 2009 and now at (.53 per share ) it still only a million more at
    21 million per year--They have bought back 47 percent of the company in this time ---JUST AMAZING---These STAR Guys will someday bring this stock back to it high in the twenty range. The dividend could easily be 80 cent now . One of these day we are going to put 3 or 4 cold winter together in a row.
  • k
    kevin
    what just happened at the end of friday? stock dropped 80 cents? huh?
  • m
    mark
    Renaissance Technologies LLC owns 3.57 percent of Star--increased by 65000 last quarter--new numbers on ownership comes out by May 15--WE ARE IN VERY GOOD COMPANY
  • m
    mark
    Or market manipulation by the market marker that buys the stock back for the company----Star management does not really want this to go up. They love buying this on the cheap
  • S
    Spartan
    Price action suggests merge buy out, something positive is about to break.
  • m
    mark
    They have bought back about 18 million shares over 4 years or 30 percent of the company--should reach 12.65 $ per share just to get to previous market cap average
  • S
    Spartan
    Remarkable performance. Long time waiting. But paid well as I waited.
  • Y
    Yahoo Finance Insights
    Star is up 8.08% to 11.90
  • Y
    Yahoo Finance Insights
    Star is up 5.00% to 10.93
  • S
    Spartan
    They kicked butt this past earnings report. Great management. 15/ sh, here we come.
  • Y
    Yahoo Finance Insights
    Star is down 4.91% to 10.65
  • m
    mark
    yessir--escape velocity--after 4 years of trading between 9 and 10 for the most part ----10 3/8 close last trade was 11.3 k shares
    Bullish
  • E
    Ed
    The announcement of 7.1 million share distribution should be a non event. This does not add to shares outstanding. The shares were already issued and now eligible to be traded. Coupled with the company's announced buyback of 5.5 million shares this is lose to a wash. Given SEC Rules I'm betting the company bought on Friday. The continued buying to reduce the share count should give a boost to EPS already benefiting to from ideal weather conditions. Conclusion =take advantage of ill informed sellers and buy. Long time holder.
  • e
    edwinrolsen1
    This company continues to suffer from lack of analyst coverage and is conservative regarding public disclosures. All understandable and not unusual. But an important factor for investors to consider is the stock repurchase record of SGU. Starting in 2009 the company began to repurchase shares with the number of shares at that time approximately 75 million shares outstanding. Since the beginning of the repurchase program 22,257,000 share have been bought back. And recently the company announced a new 5.5 million buyback on 8/28/2018. As one investor I believe the company will continue to repurchase shares with the result being outstanding share below 50 million and lower. I also believe the company will continue to raise the dividend.
  • m
    mark
    so-- summer 2016 shares outstanding 57 million---- summer 2020 shares outstanding 42 million---26 percent of the outstanding shares bought back in 4 years--we've been in a trading range of 9 dollars to 10 dollars for the most part during that time. Simple math says 9.5 divided by .74 = $12.83 per share (.74 is derived from .26 of the company being bought back)
    Bullish
  • Y
    Yahoo Finance Insights
    Star is down 5.72% to 10.55