Benj Gallander
Star Gas Partners LP
SGU-N
PAST TOP PICK
Aug 25, 2011
(Top Pick Aug 17/10, Up 19.30%) Lost money last quarter – revenue fluctuates due to weather. Still has lots of upside. Management runs company pretty well. Paying money to sit and wait.
Part of strategy to get instantaneous returns. Better than 100% upside. Don’t have a bad debt load. Home heating. $1.2Billion in revenue. Insiders own over 30%. Dividend about 6%. Energy play.
(A Top Pick Jan 4/11. Down 8.92%.) Sold the portfolio holdings but still owns personally. Lost money last two quarters. Often have lumpy earnings. A lot of people are afraid that they might cut the dividend. Often times, the winter is a good time for them.
Bought in 2009 and went up 15%. Paid a nice dividend, almost 8% right now. Got hurt last winter because they deliver furnace oil. Revenues were hurt. Their partners have bought their stock like crazy. Would buy more if it comes down
Just announced a dividend increase. They have quarters where they lose money because basically they are delivering heat to houses and corporations. Possibility of tremendous capital appreciation and he can see it doubling from here. Dividend yield of 6.7%.
(A Top Pick June 25/12. Up 29.57%.) Bought this one for income. Balance sheet is not as good as it was and they have far less cash in the bank. Doesn’t like the direction it is necessarily going in but, in April, they raised the dividend. Divided on what to do with this one. Don’t Buy.
Thinks this has more upside. Has a huge dividend. Very, very choppy on results. They will lose a bunch of money on one quarter, and then make a bunch. Thinks it can have a 20%-25% upside from here.