Enterprise Products Partners LP (EPD)

[jugs]

Today is Wednesday mid-morning. Just got a fill for 200 EPD at $24.255.

Going to continue on this path as I'm convinced these prices are considerably lower than they ought to be if based on the usual metrics representing sound investing practices.

For anybody interested, I'm doing these purchases on margin. My negotiated rate of interest charged by Ameritrade for margin utilization is 5.7%. This is well beneath the 7% distribution schedule currently being paid to EPD participants. It makes this an easy buying situation as all capital appreciation will go directly into the win-win column with overage due to the difference between yield and interest fees representing the other side of a winning strategy.

As of this moment I'm holding 1,200 EPD with a cost basis of $24.41. I'm viewing this as an outstanding opportunity providing me with relative calm when comparing to some other picks.

I hope others here are also tracking this fine company. I smell sweet profits ahead.