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Boardwalk Pipeline Partners, LP Message Board

  • getintoh20 getintoh20 Feb 10, 2014 10:55 AM Flag

    At best BWP is a $10 stock. Dead money for years to come

    After this dividend cut, there is no reason to buy BWP. Based on its guidance, BWP will earn about $0.75-$0.80 in 2014 while DCF will be about $400 million. However, these figures will continue to climb with weak renewals. It is hard to argue paying more than 12x earnings or $10. There is another 30% of downside in BWP. While it may be painful, BWP continues to be a sell even after this drop. This quarter completely any aspect of the bull case, and investors have to look elsewhere.

 
BWP
10.83-0.03(-0.28%)Feb 12 4:02 PMEST