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Enterprise Products Partners L.P. Message Board

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  • nybuckaroo nybuckaroo Dec 14, 2012 10:54 PM Flag

    what the heck is going on?:

    What you are seeing is reality. The effect of gravity on the stock of a company that has long funded its Dividends with massive borrowings and issuances of new stock. EPD's Net Income + Depreciation + Amortization has basically equalled Capital Expenditures for years. That's a big net zero for cashflow. Where did you think the Dividends came from....the tooth fairy? Just glance at the Cashflow Statements on the Yahoo screen for chrissakes. Some energy MLPs are well run. Most are leaglized ponzi schemes. The next bubble, pardner. Get out, or go short.

    Sentiment: Strong Sell

25.64-0.29(-1.12%)Nov 27 1:03 PMEST