NGL Energy Partners LP (NGL)

[pete807]

The only thing irrational was the entity(s) that sold 5 million units today when they decided the slightly lower guidance was a sign to run from a 9% payday! Whatever made them buy in the first place? What's not to like about the completed projects and products of NGL? We know the company is solid, has good finance partners and covers their healthy distribution very well and will at some point bring back even higher distributions. I am thinking the disaster the board created today could have been avoided. I hope they learned from this to anticipate the worst and shoot lower in the future, so when they outperform expectations it will do the reverse of today, as that seems to be the formula that the market likes. '
That said .39 will give me the highest payout of actual dollars per quarter than any investment I have, and I don't think there is any irrationality in that!
GLTA!