<<<I believe much of Zacks evaluation procedure is based on "earnings surprises". In this regard ETP surely got an "F".-However, I agree w/ your evaluation. >>>
Thx. Looking at the transcript of the CC I do not see anything glaring that would warrant a "strong sell"...I see more of a hold and a possible buy in the upcoming months due to increasing distributions.
Regarding distributions they had this to say...from the transcript of the CC...
"""A few comments regarding our distribution rate and as we stated in our press release on July 28, we continue to be cautious in this challenging economic environment and we have kept our distribution at a rate of $3.75 per common units on an annualized basis or $89.38 [obviously transcribed incorrectly-should be 0.8938] for common units per quarter.
As we look to the future and expect to receive additional distributable cash flow from recently completed pipeline and from pipelines expected to be completed within the next year to 18 months. We intend to resume our distribution growth with the goal of maintaining a distribution coverage ratio of 1.15, which recruiting coverage ratio given our diversified asset base and percentage of revenue coming from long-term key based top line """