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UGI - Ferrellgas Partners Strength Overdone; Avoid
UGI Corporation
Ferrellgas Partners, LP (NYSE:FGP), a propane and supply distributor headquartered in Overland Park, Kansas, has had quite a volatile year. Starting the year as a penny stock in the $0.60 / share range, the stock skyrocketed to over $1.80 per share in the first quarter before giving up most of those gains. Today, the stock sits just below $1.00 / share and investors may be tempted to take another look.
Bleak Business Prospects
Despite this volatile ride, don't be fooled into thinking FGP is undervalued. On the contrary, its ~$90 million market capitalization