Grace under Fire
Two of the more unloved names in the Lifelong Income Portfolio announced solid third-quarter results.
Utility Talk
We answer your questions about utility and telecom stocks.
MLP Takeover Talk
Over the past decade, the current universe of energy-focused MLPs has closed 689 acquisitions--a total value of $236.9 billion. With $32.2 billion worth of transactions announced thus far in 2013, these roughly 100 publicly traded partnerships appear on pace to match last year’s total.
Investors should expect this boom in mergers and acquisitions to continue. We examine the factors driving this trend and highlight a handful of potential takeover candidates.
One for Growth, One for Income
The past five years have been a golden age for energy-focused master limited partnerships (MLP). Fueled by access to inexpensive capital, elevated oil prices and rising demand for infrastructure to support the US energy renaissance, MLPs have posted impressive distribution growth and delivered huge returns since the bull-market rally began in spring 2009. However, past performance isn't predictive of future results. And with many MLPs trading at sky-high valuations, investors will need to be selective and avoid value traps.
The Lowdown on MLP IDRs: Incentive or Impediment?
Prospective investors in a master limited partnership (MLP) must understand how much the general partner receives in incentive distribution rights and the extent to which this cut inhibits or promotes the limited partners' distribution growth.
Countering Hyperbole with Reality
Claims that Kinder Morgan Energy Partners LP (NYSE: KMP) is a "house of cards on the verge of collapse" amount to nothing more than a cry for attention.
Kinder Morgan: A Hard Target
Borrowing money to pay dividends is clearly not a sustainable way to run a company. And sooner or later, offenders will have to either raise earnings or cut—with disastrous consequences.
Earning Their Keep
Second-quarter earnings season is in full swing. We examine the latest results from the names in our Lifelong Income Portfolio with an eye toward the financial metrics and company- and industry-specific developments that determine dividend sustainability and growth.
Numbers Watch
Second-quarter earnings season has kicked off. Here's the rundown on how the names in our Lifelong Income Portfolio have fared thus far.
Good Values
No stock is a buy at any price. Although this caveat doesn’t apply to momentum-chasing traders who buy what’s rising and sell what’s falling, valuation is a critical component of the investment strategy underpinning our Lifelong Income Portfolio.
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