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Strategies & Market Trends : Value Investing

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To: E_K_S who wrote (74924)	1/25/2024 6:40:21 PM
From: Grommit	of 78644

UGI. Their div is 6.6% (at today's $23 price), and the PE is low. That's nice. But their debt is ridiculously high (!!!) and their business is in flux. They are selling foreign assets, the propane business is being reviewed for strategic alternatives, natural gas is to be "rebalanced". I did not like their "review of strategic alternatives" announced last august and sold my few shares at the time -- $26.15 The div is safe unless the asset sales eat into ongoing earnings. Or unless they decide that a strategic shift from dividends to debt reduction is a good idea... I can get 6% elsewhere. As I stated rule number 1: >> Not sure how these fit into my criteria of easy to understand and predictable. grommit

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