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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Spekulatius who wrote (30519)	4/29/2008 10:21:00 AM
From: Spekulatius	Read Replies (1) \| Respond to of 78715

MLP - purchased EPE and some TLP. EPE is the general partner for EPD and TPP and also owns a stake in ETE. it is constructed as a GP holding company (56% of cash flow from EPD, 21% from TPP and 22% from ETE). I bought it based on the strong results from EPD. i think this could become a very LT holding. TLP is a much smaller MLP with a fee based business (oil terminals, pipelines) which has shown strong distribution growth. both of these are in my roth IRA and i believe that they will produce very little or negative UBTI. I sold my WMZ as the price has appreciated from it's lows. I believe the above two are better buys at this point.