M* is optimistic, their take could have been written by B&W. Stock closed just below their $68 fair value, but well above their buy price of about $40. They expect DCF to increase 35% in 2014. I'm with M*.
Morningstar is a 4 vs Zacks which is a 3. I must agree they don't know what a mlp stands for. Once upon a time they had merit. There only good thing to come out of this is that distributions will buy more MWE if reinvest. By the way tea leaves is a zero
Iner - Would be more impressed if M* knew what a MLP was. In the past they have put down MWE because revenues and EPS were down. Also would not say M* is optimistic as they are simply parroting back the numbers given in the press release by MWE.
I do agree that the time to buy is when there is blood in the streets. I tripled up my position in MWE lots of years ago when their CFO screwed up and they failed to file a 10Q. B&W is correct in that patiencve is the word. We all just did not know that it would take at least another 18 months for MWE to get back on track for a great DCF coverage and CAGR.