Energy Transfer Partners (ETP) the subject of September's Dividend Drill has dropped over 20% since Sept 4th. Yes, the market has had a tough 2 weeks, and the S&P500 is down 6% over the same time frame. ETP has not just underperformed, it's been spanked !
If you bought in at $43.12 (the Dividend Drill current price) you are now down $9.54 per share. That's 22.1% ... over 2.5 years worth of dividends.
Ther's no info in the Dividend Drill that would explain this meltdown. Anyone have any information?