Energy Transfer's Ultra-High Yield Is Great. Here's Why You Shouldn't Buy It.

Energy Transfer has a fat 8.1% yield that's ostensibly backed by a stable midstream business. You should probably avoid it.Energy Transfer (ET -0.13%) has one very major positive to boast: Its distribution yield is a huge 8.1%. But don't get so enamored of the high yield that you overlook the rest of the story. In fact, while the fat yield is attractive, the master limited partnership (MLP) backing it has some very material negatives. Here's why you shouldn't buy Energy Transfer stock.Energy Transfer: The g ...