Boardwalk Pipeline Partners' Earnings Stumble From Asset Sale
The headline numbers in Boardwalk Pipeline Partners' (NYSE: BWP) most recent earnings report don't look good -- at least, not out of context. Operating profits and net income declined year over year as the company sold some assets for a loss. If you look at why Boardwalk elected to make those sales, though, taking the one-time loss today seems completely justified, especially considering all the opportunities the move creates.
Let's take a look at Boardwalk's most recent earnings results; get a better understanding as to why the company elected to make this seemingly small move; and consider the implications that move may have down the road.
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Source: Fool.com
