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re: Is Energy Transfer a good value?
Posted on 11/11/19 at 4:50 pm to Bone06
Posted on 11/11/19 at 4:50 pm to Bone06
quote:not really. Don't get caught up in those headlines for MLPs
I know their recent quarterly profit missed
quote:They kind of aren't. Unit price is taking a beating so yield is naturally higher. Their coverage this past quarter was 1.9X, and self funding cqpital projects with the 0.9.
I don't understand why they are paying such a high dividend.
I would advise against it simply because not only the sentiment on that sector is out of whack, ET has also made enemies in Wall Street. Double whammy.
But yeah, the fundamentals are there.
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