Completely agree. Look at how they blew by the last few quarters. The last quarter CC was terrific. 8.51 times this years earnings, 10% annual projected growth rate, PEG around 0.8, and a divi around 6%. Why is this not selling at 11-12 times earnings? Factor in the mining safety equipment segment, and I think you have a seriously undervalued MLP even after this recent run-up.
Agree that this is a good performer. However I would caution you against valuing this using those metrics which are appropriate for valuing a corporation. Throw out your EPS, PEG ratios, etc. DCF is what matters for MLPs.