ET - Energy Transfer Operating Series E Preferred Units: One Of The Few Buys That Is Still Lagging The Monster Rally
In this article, we will present what we believe is one of the very few normally valued fixed income instruments that have a little room to run on the upside, based on a small, but clear arbitrage. Of course, in times when the fixed income market of listed securities is overheated, we had to search for bargains that come with their pitfalls. In this case, the US investor will have to deal with K-1. The stock in question is Energy Transfer Operating, L.P. 7.60% Series E Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (ETP.PE