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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Elroy who wrote (72320)	2/13/2023 6:45:23 PM
From: WIND FALL	Read Replies (1) \| Respond to of 78702

"There's a lot of money to be made in equities of companies that almost go bankrupt.....but don't." this one does sound spooky. will look more into it. I was spooked when I first saw your mention of UAN and that turned out to be one of the best performing stocks that year. Do you have any other "deep value" trades?

To: Elroy who wrote (72320)	2/16/2023 11:38:30 PM
From: Elroy	Respond to of 78702

The NGL CFO just bought some of the common units at $2.79. That's pretty encouraging that the balance sheet is going to get spruced up. openinsider.com NGL's bankers adjusted the partnership's revolver capacity from $500m to $600m. That also indicates the banks sort of think this mess is going to get cleaned up. NGL Energy Partners LP Announces $600 Million Permanent ABL Commitment finance.yahoo.com I think this debt laden MLP mess called NGL is worth a look.

To: Elroy who wrote (72320)	2/23/2023 4:34:38 PM
From: Elroy	1 Recommendation Recommended By pak73 Respond to of 78702

Ok, here's a spooky pick. Although it's high risk, it is definitely "deep value" as it was feared the partnership would go bust, and that pushed the unit price down to a single dollar in Q4 2022. NGL - it's an MLP in the midstream energy business. $9 billion in annual sales, market cap about $280 million. The fiscal year ends in March, and for March 2023 fiscal year they are expecting $630m in EBITDA, up from about $540m last year. NGL Energy Partners LP Announces Redemption of 7.5% Senior Notes due 2023 finance.yahoo.com If this partnership can stabilize their balance sheet the unit price is going to be closer to $10 than $2......it's worth putting on the radar. Any balance sheet experts, I'd love to read others' opinions......