Suburban Propane Partners, L.P. (SPH) Social Stream



Suburban Propane Partners, L.P. (SPH): $15.10

-0.13 (-0.85%)

POWR Rating

Component Grades

Growth

S

Value

I

Momentum

G

Stability

N

Sentiment

U

Quality

P

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Industry: MLPs - Gas


Ranked

of 4

in industry

Featured Post From StockTwits About SPH

$SRLP Basic Story here is a lot of management has moved on. A big chunk of this company family owned. They sold a large portion around $16 a share. Prior to selling they would take on debt during the summer to keep the dividend where it was. It now looks like with the new ownership and management they are going to slowly abandon the core businesses and try to pivot into solar and wind. At least that's the way I read it. They most certainly will be reducing the dividend within the next week or so but based on the price action my guess is they won't reduce it by much. The company is worth more broken up than it is together. I don't think you could really be hurt if you buy it down here. But I also don't know why you would when there are plenty of other great companies that are well run out there. If you want to be in solar look at $ENPH or $FSLR If you want natural gas or propane why not Look at $SPH if you are looking for yield. I just don't see any good reason to be involved here.
GrindForMine, published August 8, 2021

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Other tickers frequently mentioned alongside SPH are SRLP, ENPH and FSLR.

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