Is Sunoco LP an insane purchase now?

[tcaron20]

Man it just looks so tempting. Held in qualified fund is the only way I would hold it. Do not care for K -1s.

Thoughts?

Tom C


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[MooreBonds]

Man it just looks so tempting. Held in qualified fund is the only way I would hold it. Do not care for K -1s.

Thoughts?

Well, if it's an insane purchase now, I will let your creativity fill in the blank for a description of what my purchase of SUN at 30.91 was.

I'm holding. Decent distribution. Seemed a reasonable risk at the time. Don't see a need to sell it now, so will just sit and bear the pain.

 

[bingybear]

I know little about MLPs, but have read a bit. What I read that has kept me a bit Leary is that even after selling the MLP they can in rare cases claw back previous distribution to meet obligations.

This was just one of the items that I was not sure I wanted to have in an investment.

 

[Sunset]

I suppose I would be worried their dividend payout is 139 % , unless income goes up, this is not sustainable.

 

[jazz4cash]

I suppose I would be worried their dividend payout is 139 % , unless income goes up, this is not sustainable.

I see 243% payout on Seeking Alpha with 15.15% div for SUN.
Edit: I guess that div is actually a distribution since it's an MLP