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goodguy
Feb 3, 2017 5:08 PM

One to consider for your IRA: ETP  Long

Description

Limited partnership with 10.8% yield. Has broken long term downtrend line. My target is around 57-60 based on 2 methods. Could use uptrend line as stop. Process by your own approach.

Comment

Please note: This stock may be bought out by another company: SXL. So you may want to research that before deciding.

Comment

This merger would likely lower the yield.

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Comment

OIl appears to be near support. Hopefully will see encouraging candles at this level (36-37).

seekingalpha.com/article/4053662-energy-transfer-come-roaring-back
Comments
goodguy
PKA
11.59 ev/ebitda is a bit high. The yield means nothing if it's paying out with debt. Look at their cash flow statement... Cash flow from ops is less than half capex! You should be covering capex with cash flow from ops and have more to spare.
goodguy
@PKA, Thanks
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