Buy Alert - May 31, 2023
Added 2023-05-31 10:16:07 +0000 UTCI’m starting a new position this morning.
The stock ticker is $EPD Enterprise Products Partners LP
It’s a $55 billion market cap stock with lots of volume and activity.
Current share price $25
8% dividend yield
10% net margin
10 PE ratio
30% revenue growth
In my opinion, EPD is materially undervalued
Investors are rushing into growth stocks again and dumping good solid dividend plays and this is the time to pick it up when everyone is dumping.
Stock is up 4% year to date so it’s not part of the latest rally.
There aren’t many GOOD publicly traded companies at attractive valuations right now, but EPD is one stock that I still like at current prices with 10 PE.
Comments
My Vanguard Roth says this is subject to UBTI. Will gains or dividends from this stock be taxed even though I typically do not have to deal with taxes in my Roth account?
KenF
2023-06-02 18:55:26 +0000 UTCMy pleasure
Generico Fakero
2023-05-31 15:32:10 +0000 UTCThanks for the comparison on the zoom this morning. I was about to put more into ENB and ENS.TO for the stable high yield, but I really like how you explained EPD and this makes sense to me. CHEERS!
Stephany Crowley
2023-05-31 13:26:48 +0000 UTC👀
JERRY CARROLL
2023-05-31 13:21:09 +0000 UTC
