Recent

% | $
Quotes you view appear here for quick access.

Magellan Midstream Partners LP Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • toolatetrade toolatetrade Dec 20, 2007 6:41 PM Flag

    MMP +8% in 10 days

    hi chart, care to give your views on the big slide in the ^AMZ index
    and all the rubble in mlp land?

    • Re to tool
      "care to give your views on the big slide in the ^AMZ index
      and all the rubble in mlp land?"

      Have no idea, just makes a nice buying op for someone looking for high yield.

      MMP +18.5% total return for the year, still, 5.98% yield, more like 6.2% if they continue to increase payout.

      Maybe some investors think the "media" trashing of the economy has us in "recession", or "stagflation" next year and using less energy.

      However, thinking investors will see fixed interest shrinking as the fed cuts rates further. Maybe 6% to 8.5% yield will look more attractive and the pendulum will swing back.

      Since I am not buying, nor selling, I will watch for increases in distribution. For my 6 MLP's, 24 payouts last year, 22 of 24 had incrases. That is important.

      Happy investing.

      -chart-

 
MMP
80.830.00(0.00%)Apr 20 4:03 PMEDT