LINE has worked out well for me also. Like the monthly payout. I am long ETP, and always buy on weakness, as that has also been a good strategy over time.
Suggest everyone read it. Quite clear that ETP has turned the corner. Distribution covered 1.14X and now covered for all of 2014. A bit better than I expected in a terrible NGL environment.
Rats, ngaibruce, you beat me. I bought LINE at about the same time but paid $25. Congrats for keeping the faith and buying low (which is 1/2 of the equation).
I was really just pointing out how his math is insane... in one breath he says its 1 cent a Q... in the next he says 4.5 cents annually.... I just want to know where he learned to multiply and add
A few weeks ago I bought some LINE at $24. Looks like that hedge fund wound up on the wrong end of the stick. that's an even better divvy but i kept my ETP as it is a much safer play. I'll bet you're as smart as those hedgies are, right J!
jforuus, some make it happen, your so called inner circle did and they get rewarded the best. we, those who stayed with them get rewarded, and we recently have been, not as much but not bad either. just the way life is
Why are you here? You're clearly not an investor nor a trader (at least not for long). Of 19 analytical firms, 3 rate ETP a strong buy, 9 rate it a buy or accumulate and 7 neutral or hold. No one has a sell rating on ETP. So, you are clearly in a minority and I doubt you can show us any evidence that you have expertise on which to base your wild-a* claims. Rather than a shortie, you prattle like a disgruntled ex-employee let go no doubt for cause.
let me help you grasp math concept called the slope of a line what you refer to as a "trend".
$1 invested in ETE,ETP and EPD (year to date)
would yield you
$1.55 has slayed the other two correct?
These guys are always planing the RIGGED GAME and don't kid us or anyone else.
We just want to be clear that ETP is going to give us .905/.895 of an increase. 4 years of waiting for that? Kelcy we got it you paid yourself last year $25M and this year a token but collecting share options.
What about the rest of us long term investors, we are getting the shaft compared to your inner circles creativity to pay themselves. Why don't the analysts research that and present that instead of having bloggers on Seekind Crappola and WS JERK, Barron Von Worthless or the TMF paid prescription plan and waste our time with info commercials. spit it Tom and Dave my dear herders. :)
mktply - Can we move on. I do not read jforuus' posts, but ETP went from .893875 to .905 which is .01125 and thus it is .045 annually. Actually by my math that would mean an increase of .115 in the coming year as the increases are cumulative. That would suggest an increase to .91625 for Q4, .93 in Q1 of 14, .94125 in Q2 or a run rate of $3.76 vs the old run rate of .3.575. That would be a growth rate of about 5%. Similar to EPD and higher than OKS, MWE and others.
I'm not gonna leave this alone.... could you show me how 4 X .01= .045
Who is the idiot...
The guy who struggles with 4th grade math and simple 3rd grade reading comprehension or the rest of us?
& BTW is it a crack pipe or a needle your intoxicant of choice?.... because anyone who thinks ETP or any other MLP is influenced by or needs the buying power of any yahoo message board poster is clearly on something
So tell me... EPD... the acknowledged best of class MLP raised its distribution by just a cent.... that's 4 cents annualized... EPD has not made any statement on 4Q distribution.... ETP stated last month that they will raise the distribution in Q4
So in your completelyphuked up mind.... would that mean that ETP is better than the best of class EPD
One word... ignorantdouche.... just read the PR from a month ago
They explicitly stated that they would increase in both Qs 3 & 4.... it was simple English so I understand why it was beyond your comprehension... they also clearly implied that increases would continue at that level thereafter.... They originally stated they would give us 1 cent... they gave us 1 1/8 (.01125)
You have now had numerous chances to get the actual bump in the rate correct.... yet you still can't do it... why would anyone accept your opinion on the matter when in fact you can't even copy a simple string of #s in either decimal or fractional form.... perhaps your difficulty with this matter stems from the fact that most sites had previously rounded up ETPs distribution... or is it that your ignorance is so great that you are incapable of converting an 8th to decimal form
Ether way... your continued demonstration of ignorance makes it highly difficult to take your delusional opinion with anything other than a grain of salt
Try taking another shot at it... but just remember you took personal pot shots at others in your first post so any opportunity I get to show what a vaginal cleansing product you resemble... I will take with a smile
read slowly and now you know this person's game.
"The quarterly distribution of $0.905 represents an increase of $0.045 per common unit on an annualized basis."
less than a NICKEL for the year, while the other MLPS have returned much larger increases, all those press releases and pumps and now "we are doing better than our peers" that is the bar we strive for?
hmmm I initially invested in etp in 2008, and have an average annual rate of return in excess of 17%. I reinvested much of the distributions and am now dripping with the 5% company drip. All the while etp has Not lowered the distribution.
now who is the idiot ?
and yes you can play spell check like a good boy. managment clearly has been over reaching. as for your other statements, all of you should go explore them and then get a good chuckle out of it.
Ofcourse GM are crooks, Detorit failed themselves and their investors,the UAW workers failed themselves as well by allowing these morons to price them out of compettion and build an inferior product allowing competition to canablize them.
When you build linkage to support a 300lb hathcback window out of plastic, the installer, the engineer and management are viloating you, one if not all of them are responsible.