I would like to say that I am sorry if members have not done well on ETP. First, we can never make recommendations on any stocks or strategy. We can only express our views on the company and explain what we do in the newsletter portfolios.
The position in ETP was removed from the Dividend Growth Newsletter portfolio several months ago on August 7, 2015:
We noted the following at the time:
Energy Transfer Partners was removed from the Dividend Growth Newsletter portfolio at $47.10 per share, comfortably above its cost basis, even after excluding distributions received.
The September 1 edition of the Dividend Growth Newsletter noted that ETP had been removed, and the position has not been a part of the Dividend Growth Newsletter portfolio for months:
Here is the September 1 edition:
We e-mailed members August 7, 2015 of the change. The preview of the email can be found here.
Again, we’re sorry if some members have not done well. It is very disappointing, but in no way have any of our newsletters been exposed to the midstream space since the summer, well before the collapse.
The archives of the Dividend Growth Newsletter can be accessed at the following link: