Replies to post #783 on Enterprise Products Partners LP (EPD)

[Kgem]

OldAimGuy,

In my opinion, you have a very well thought out approach to playing the ups and downs which regularly occur with EPD. I have done similar, but perhaps not as often and not to the same degree. My intention was to find a well managed company that could weather the economic storms and remain healthy --- EPD fits that description for me. I also see that EPD supplies a "must have" product that people cannot live without (at least, at the current time).

I envy you for picking up shares down at $16.79. I thought the $19.00 range was an excellent buy, and if it hits that point again, I will certainly buy more. I also re-invest my dividend, but I wait till the price drops before doing so (usually about a month and a half after the dividend pay date).

Thanks for posting. I don't post often, but enjoy hearing about experience of others. Best wishes.

Kgem

[pete807]

Hi Tom,
I do both Hold long term, and manage short term trades, as I think you do.
I consider the stepped up basis of my heirs getting EPD a crucial reason to hold the long ago capital returned. Over 25 years ago my father explained MLPs like EPD and his strategy. That was before the new verb "Kindered" was coined.... lesson there.

If there is idle cash from taking profits elsewhere I will use EPD like a bank.
The goal is to add to the core, of course. But it takes a year to get to long term where only the core is immune to selling.

I am a retired full time trader.

pete