How Cheap Is Boardwalk Pipeline Partners Today?

Compared to its peers Kinder Morgan Energy Partners and Enterprise Products Partners, pretty damn cheap.

Jul 13, 2014 at 1:07PM

You would expect a company that has seen its shares tumble almost 30% so far this year would be pretty cheap, and Boardwalk Pipeline Partners (NYSE:BWP) is no exception. Compared to the stalwarts of the Master Limited Partnership space -- Kinder Morgan Energy Partners (NYSE:KMP) and Enterprise Products Partners (NYSE:EPD)-- Boardwalk Pipeline looks like a steal by just about any measure. Then again, it is cheap for a reason. After cutting its distribution payment by over 80% earlier this year, not many investors are lining up to be a shareholder. 

But if you look at what the company has in store over the next couple of years and the plans it's making to clean up its balance sheet, it may be worth taking another look at Boardwalk. Find out more on how you can measure the value of a master limited partnership in lieu of the price-to-earnings ratio and why should consider putting Boardwalk on your radar by tuning into the video below. 

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Tyler Crowe owns shares of Enterprise Products Partners. You can follow him at under the handle TMFDirtyBird, on Google+, or on Twitter @TylerCroweFool.

The Motley Fool recommends Enterprise Products Partners. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

A Financial Plan on an Index Card

Keeping it simple.

Aug 7, 2015 at 11:26AM

Two years ago, University of Chicago professor Harold Pollack wrote his entire financial plan on an index card.

It blew up. People loved the idea. Financial advice is often intentionally complicated. Obscurity lets advisors charge higher fees. But the most important parts are painfully simple. Here's how Pollack put it:

The card came out of chat I had regarding what I view as the financial industry's basic dilemma: The best investment advice fits on an index card. A commenter asked for the actual index card. Although I was originally speaking in metaphor, I grabbed a pen and one of my daughter's note cards, scribbled this out in maybe three minutes, snapped a picture with my iPhone, and the rest was history.

More advisors and investors caught onto the idea and started writing their own financial plans on a single index card.

I love the exercise, because it makes you think about what's important and forces you to be succinct.

So, here's my index-card financial plan:


Everything else is details. 

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