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Sean HymanSean Hyman
Keymaster
Post count: 4481

I don’t have any problem with any asset as long as its fundamentally sound and fundamentally cheap. TRGP is neither of those. https://finance.yahoo.com/quote/TRGP/key-statistics?p=TRGP

High forward P/E of 30. Negative profit margins. Low cash $291 million. High debt of $7.84 billion on a company with a present market cap of $3.74 billion.

So my thoughts are: Why put money into a fundamentally weak company that’s fundamentally expensive when I could put it into a fundamentally solid company that’s fundamentally cheap. Hope that helps.