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Magellan Midstream Partners LP Message Board

  • dinkdestroyer dinkdestroyer Dec 1, 2009 12:03 PM Flag

    I sold out

    I got into this though the consolidation w/ MMG which I picked up very cheap last winter. It has been a good one to own but it has appreciated to a point where the yield is kind of h-hum when compared to other MLPs. This has been happening to various degrees with other pipeline MLPs some of which I have parted with as well. Some of the yields have fallen to a point where you have to question how much more upside will there be without distribution growth. I am finding much higher distributions in other MLPs and even some telecom and utility stocks which offer some higher probability of capital appreciation. Anyway, nothing wrong with this at all but looking to move into other areas in the market. Good luck to you all.

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