Because they're going to see a substantial revenue decrease in 1st/2nd quarters. No need to pay a 20% dividend when your

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Mar 17, 2020
10:18:08am

Pimpin4Paradise Intervention Needed

Because they're going to see a substantial revenue decrease in 1st/2nd quarters. No need to pay a 20% dividend when your

profits are declining on that level.

This message has been modified

Originally posted on Mar 17, 2020 at 10:18:08am

Message modified by Pimpin4Paradise on Mar 17, 2020 at 10:18:32am

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Pimpin4Paradise

Previous username: ChubbyChaser
Bio page: Pimpin4Paradise
Joined: May 2, 2008
Last login: Nov 12, 2022
Total posts: 56,121 (5,737 FO)

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Messages

Author

Time

Stock Gurus, any thoughts on Energy Transfer (ET)? 4.2 P/E seems really low even

ray ray

3/17/20 9:56am

I'd be shocked if that dividend doesn't get slashed.

Pimpin4Paradise

3/17/20 10:00am

But why? Their distributable cash flow last quarter was 2x their dividend

ray ray

3/17/20 10:09am

Because they're going to see a substantial revenue decrease in 1st/2nd quarters. No need to pay a 20% dividend when your

Pimpin4Paradise

3/17/20 10:18am

I don't see it, the vast majority of their revenue is take or pay long term

ray ray

3/17/20 10:22am

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