Hi-Crush Partners (NYSE:HCLP)

TMFDeej (99.47) Submitted: 8/20/2012 2:45:51 PM : Start Price: $18.03 HCLP Score: -6.06

As some of you who have followed my posts may know, I am in the midst of a grand experiment of going long every single MLP IPO that I am aware of in CAPS under the premise that they outperform the market. There's a new one coming out this week before the annual IPO vacation called Hi-Crush Partners (HCLP). There is A LOT not to like about this one, including the company's lack of operating history, how its main product certainly seems to me as though it would lend itself to commoditization and how it caters to an industry (fracking) that to say the least could face tremendous political pressure in the future. Having said that, I'm sticking with my policy of giving the green thumb's up to MLP IPOs and will go long HCLP and its initial 9.5% yield when it is available here in CAPS.Deej