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Enterprise Products Partners L.P. Message Board

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  • factoids2002 factoids2002 Jul 21, 2009 11:46 PM Flag

    For those wanting an MLP in an IRA

    I wrote "Why are you suggesting the one MLP CEF with the highest price/NAV ratio?"

    DANG! I should have wrote SECOND to the highest. But the price/NAV number for SRV looks too high to be believed [look as its extreme NAV volatility as calculated at EFTconnect.com - http://www.etfconnect.com/select/fundpages/other.asp?MFID=181611 ]. Some of that may have to do with the delay between the NAV updates and the current prices. With a lot of MLPs up 10% or more this month [examples as of 7-17: DEP, EPD, EXLP, GEL, HEP, MWE, NGLS, PAA, RGNC, TLP, WPZ, MMLP], the CEF with the largest delay in its NAV update will tend to have the largest price/NAV ratio. So the price to NAV ratios in the spreadsheet posted at Investor Village [the link in my last post] can be funky due to that delay and due to be major price appreciation happening this month.

    So I want to give ch4-tycoon a pass on the potential fault of suggesting a CEF with an out of line price/NAV - those numbers are out of whack due to delays in updating the NAVs - while the price portion of the price/NAV ratios are current as of 7-17.

    Sorry for not noticing this error plus this potential 'systems' error in the calculations. This problem could potentially explain goto_golfers impression that the price/NAVs look manipulated.

 
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