Despite me owning ETE/ETP for several years, I have to agree the CEO is a liar and a sleeze. So far the dist at 8+% is enough to keep me from selling, but my patience and tax consequences are wearing thin. Goodness the S&P is at 52 week highs and ETP is testing 52 week lows.
The CEO is not the liar. He stated what he believed. If you watch an entertainment TV show get entertained and then do your own DD. If you bought 2 years ago you have received $7.20 in distributions. Add that to the current $42.55 price and you have $49.75. So you made a little bit. You do not have a loss.
I have ridden EPD for about 17 years. Have gone down as much as 60% in one year and up about the same. It also has not moved more than a $1 or two for two years.
Suggest you stop complaining because you bought a company at the wrong time. You could have also bought GM at over $30 and lost $10 or maybe some Facebook would be a better company for you. Suggest you move on.
This stock is just digesting this years big deals. When they sell off the non acretive assets and pay down debt this will take off. In the mean time I get paid to wait while hoping they don't have to trim the dividend.
it gets pretty tiring hearing whining posts. First of all, I contest your thesis. Second of all, if you don't like the stock, you can SELL and move on. Please spare us the bs you proffer. If you just prefer to stay and bash, we will all have to conclude that you are merely a short or someone who wants to buy the stock cheaper. People like you are so easy to figure out.
Valueman, you are right on. The shorts think what they say might make the stock go down. That is how stupid they are. They are so insignificent and like to think they have some power. I don't own this stock but am looking to buy in and will not bash it just because I want to get it cheaper. I don't have to get it at the bottom. It pays a nice divy so to hell with it. However, after looking at the divy history, it looks like they missed a couple of divys in the last few years. I don't know if Yahoo screwed up on their recording or they didn't pay a couple of times. I sure could use that divy.