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Enterprise Products Partners L.P. Message Board

  • nybuckaroo nybuckaroo Dec 23, 2012 8:21 PM Flag

    New Borrowings + New Stock Issuances = Dividends. Good Company??

    For EPD, Depreciation + Amortization = Capital Expenditures. That's good, really good. Unfortunately, New Borrowings + New Stock Issuances are needed to cover those juicy Dividends. That's bad, really bad. Some energy MLP's are well run. Some are just market and government sanctioned ponzi schemes. Just read the Cashflow Statements for EPD on the Yahoo screen; you don't need to be Warren Buffet to figure this one out. If your long, sell. If you're not in, good for you, short it. Tick, tick, tick, tick.........

    Sentiment: Strong Sell

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    • Your long, your right, your long, your right, your long your light (on your grammar/spelling, that is). I am long. You're either short or trying to pick up shares on the cheap. Be careful your ticker doesn't blow up in you face! You could also use some help with how to read a balance sheet. You got any idea what DCF is? Be careful or you'll quickly be labeled the board's "laughing stock" if you're foolish enough to hang around.

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