NGL Energy Partners LP (NGL)

[pete807]

I feel your pain!
But we learned a valuable lesson from those two hated words....

The CEO here at NGL should have been thinking and talking more conservatively in January, but this is not a "bubble" company. Covering a strong distribution by well over 100% should not precipitate the kind of sell off we just witnessed.

Any of us who invested in the late 90's in technology were hurt by the return to reality based on real earnings when the bubble burst. My nephew worked for a software firm called Commerce One in Silicon Valley. He talked me into investing and he was exuberant! The company skyrocketed at first but never made any money! Just like the rest of those stupid bets on dot coms that any of us made with no earnings it went nowhere except away!

from 2004:

Over the past two days of trading, business-to-business (B2B) e-commerce pioneer Commerce One (NASDAQ:CMRC) has lost more than 70% of its already debatable value. The reason: On Thursday, the company filed a Form 8-K with the SEC informing the regulator that it: (a) has just $700,000 left in the bank; (b) remains "significantly" cash flow negative; (c) has failed to find anyone willing to lend it money or buy new shares; (d) anticipates liquidating its business; and (e) expects that after paying off all of its creditors, there will be nothing left to distribute to shareholders.

In other words, "Commerce One is doomed."

NGL will thrive!, imo