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Martin Midstream Partners L.P. (MMLP)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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1.2650+0.0550 (+4.55%)
As of 10:44AM EDT. Market open.
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  • J
    Jump
    MLPa as a whole have performed poorly. And that masks how abysmal MMLP has done. But compare MMLP to the ETF AMLP
    Sept 2015. AMLP $67.10 MMLP 27.70
    Sept 2020 AMLP $19.42 MMLP $1.22
    Change: AMLP -71%. MMLP -95.6%
    Value of $10K invested 5 years ago
    AMLP: $2900. MMLP. $440.

    What’s the best thing we can say about MMLP, well they aren’t bankrupt yet! But they have zero influence on their markets. So they depend on the market as a whole. And IMO the energy sector isn’t improving any time soon.
  • D
    Don
    I bought this company based on articles I read from several analysts in March, April, May, and June saying it was set to explode. I bought at an average cost of 2.84 with a 1 year average projected of 400% increase. Now the same people who reported a few months ago are saying it’s projected is $2.00. How do you find news you can trust.
  • J
    Jackie
    This will get better soon
    Bullish
  • J
    Jump
    I feel about this company like I do COVID. I’m tired of waiting for something positive out of both situations. The current management team has seen the stock price drop 97%. Why isn’t the board doing something?
  • G
    Giuseppe
    IF BIDEN WILL WINN THIS COMPANY IS TOSTED KAMELA HARRIS SHE WILL GO GOR CLEANER ENERGY
  • J
    Jim
    I have 38050 shares that I've had since 2016. I don't even know what to think about Ruben Martin. They are all for sale for $16.68 per. Any takers!!!!
  • r
    robert
    Ruben Martin owns 6,400,000 shares.....at a buck= 6.4mil at 3 bucks=19.2mil......As of last week 92% of the bonds where exchanged for new notes. I hope everything is good next week....
  • G
    Giuseppe
    $ 1 coming
  • G
    Giuseppe
    TOLD YOY BE CAREFUL NEXT MONTH WILL BE THE BIG DROP
  • B
    Buckrig
  • J
    Jump
    What a fabulous pre-market this morning! Only one stock down this morning and it’s not MMLP. 😂
    Neutral
  • B
    Buckrig
    Looks like Wells Fargo his holding on to that $3.00 target.
    https://www.benzinga.com/stock/mmlp
  • S
    SLO Doug
    Wow. Stock drops 5%. Bonds up 8% to the max at the exchange window. Don't know what to make of it - or how much risk to take.
  • R
    Russell
    Note 6 of the Form 10-Q quarterly report just filed states:

    "The 2021 indenture restricts the Partnership’s ability to sell assets; pay distributions or repurchase units or redeem or repurchase subordinated debt; make investments; incur or guarantee additional indebtedness or issue preferred units; and consolidate, merge or transfer all or substantially all of its assets."

    Looks like we may have no distributions for a while and it is going to take time to recover.
  • J
    Jump
    Anyone else here a long term holder of units?
    Neutral
  • W
    Wilson
    After every quarter's earning report, there are insider buys. This quarter there are NO INSIDER BUYS. Hmmmmmmmmm. Makes you think! I am out and will re-enter at 1$
  • B
    Buckrig
    It's up so Giuseppe is still buying.
  • p
    phillip
    $4.00 by Tuesday morning
    Bullish
  • S
    SLO Doug
    Bond holders take note. The 2021 bonds exchange for $650 and routinely sell for $800. [One can also buy at $790.] I sold my holdings and picked up the $150 per bond. I cannot figure why these bonds are selling so high above the exchange pricing. Any thoughts.
  • B
    Buckrig
    Wondering why Invesco has so much invested in this company?
    https://www.nasdaq.com/market-activity/stocks/mmlp/institutional-holdings