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Tuesday, January 05, 2010

After the close Energy Transfer Partners (ETP) announces yet another public offering of 7.5 million shares which is the 3rd offering in the last year. I would not be surprised to see more of this from other mlps whose prices are sitting at 52 week highs or in some cases all time highs. If you have a strong currency you might as well monetize it. Stock closed at 46.10 but is trading at 44.90 after hours.

4 comments:

Max said...

Joe,

I just want to admonish your readers what a terrible experience I have had w/ a new account I opened at TD Ameritrade. Every month, for the past 3 months, I have had to re-set my password and "security questions" because they are repeatedly erased when TD Ameritrade does one of their frequent "software upgrades". The process must be done over the phone. Problem is, TD Ameritrade does not have enough customer service reps to answer the phone during normal market hours. If you want good service, stick with Scottrade, Fidelity or Vanguard. TD Ameritrade is a PITA.

jcarroll1948 said...

Max. What does the acronym PITA stand for?

Thanks for the heads up,

JCarroll

joewxman said...

i've had schwab forever..never had a problem

jcarroll1948 said...

My brokerage account is with Vanguard; outstanding service and the account is linked to a money market account that pays above average interest on cash (which, I believe, adequately compensates for the more expensive commissions they charge than most of the discount brokers).

I looked it up on an acronyms site; PITA stands for, among other things, "Pain In The A$$."

JCarroll