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Enterprise Products Partners L.P. Message Board

  • businessguru75 businessguru75 Oct 31, 2012 10:42 AM Flag

    Good buying opp today

    Guessing it's down on storm concerns. As far as I know, not too much exposure to the Northeast in EPD and with earnings tomorrow and ex-date still ahead, nice buying opportunity IMO. Especially since it looks like Obama will take the Electoral College and Div's could see a tax hike while Distributions in MLPS will remain tax friendly.

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    • Everyday is a good buying day with this GOLDEN GOOSE.

      Sentiment: Strong Buy

    • obviously I mis-spoke, just had ex-date which I'm sure as usual is most of the selling pressure, my apologies, got out of whack with the closures this week. I do maintain any price below a secondary price (53.07) has been a good buying opportunity.

      • 2 Replies to businessguru75
      • EPD is now the standard for MLPs. It used to be MKP, but thier coverage ratio has gotten to as low as .96X - not good. EPD is going to move upward and downward with the MLPs and move slowly up along with the distribution. The .015 this quarter is a one off event and we go to .01 for 2013. Am happy to have the return be secure and steadily increasing as a hedge against rising interest rates and inflation. Got to remember that like it or not - MLPs often have a dwon day when the market is up because of the big funds getting in or out. The following day is sometimes a reversal. As I always preach - with little good it seems - look at the monthly trend and not daily movements. If anyone can predict daily movements they would be worth trillions and not posting here.


      • EPD has basically no exposure in NE. The good part of the decline is reinvesting at a lower price via the drip. MLPs in general weak. Concerns about demand and general uneasyness regarding election, tax policy going forward etc.

        Also if you think that Congress is going to let tax rate on dividends go to ordinary income, suggest you wake up. Any hint of that would create a even bigger selling pressure than we already have as anyone in 25% or over tax bracket would lock in 15% rate in November or December. It will be addressed - I do not have any idea when but think both sides have suggested 20% rate for dividends and LTCG. Failure to act would be a disaster with the severe spending cuts now and cost the average taxpayer some $4K in April of 2013. Would guess that would really put a crimp on retail spending or really any spending at all for a few months.


26.75-0.32(-1.18%)Oct 21 4:01 PMEDT