Enterprise Products Partners L.P.
(EPD)
Enterprise Products Partners Is Compounding Its Toll Base Faster Than an 11x Multiple Admits
The consensus reading is that this is a fully-valued yield vehicle: a solid 6% payer trading at ~11x EBITDA, worth owning for income and little more. My argument is that the operating engine is compounding meaningfully faster than that framing credits, that the loudest bear ob...
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