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Energy Transfer Partners, L.P. Message Board

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  • c_h_a_r_t_n_y c_h_a_r_t_n_y Feb 27, 2008 10:22 PM Flag

    What the @#$% happened

    Re to:bahranidds
    "chart what do u make of the recent weakness?"

    Not much.

    Using unit price only, that should only increase with the distribution increase so yield is constant. (in a perfect world)

    Using a 3 year chart of unit price, from 2-27-05 to 7-2-07 approx. ETP went up about +96%. A bit extremt but the AMZ index was up about +35% which was only a bit too fast. Correction is under way in both. That is about 2.5 years of the 3, then correction set in.

    However, ETP is still +50% in 3 years in unit price so there is no problem. IMHO.

    For the last 4 years the distribution growth trendline is about +23% per year and that cannot be sustained for long.

    At forward yield of 7.5% I think this is a keeper.

    Happy investing.


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