TAKE PROFITS AND EXIT ETP POSITION $ETP
This post was just published on ZYX Buy Change
Consider exiting the entire ETF position. The companies fundamentals continue to be very positive. ETP is perhaps the best buy in the natural gas midstream and pipeline group.
The issue is the upcoming fiscal cliff. One possible resolution of fiscal cliff may include doubling or tripling of taxes for some tax payers on dividends. This stock yields 8.5%. This stock will get hit if the income tax rate on dividends goes up dramatically. There is not much sense in taking the risk.
As of this writing the stock is at $42.42.… Please click here or the title below to read more.
November 12, 2012