Martin Midstream Partners L.P. (NASDAQ:MMLP)
CAPS Rating:
Provides Terminalling & storage services for petroleum products, Natural gas gathering, processing & NGL distribution, Marine transportation for petroleum products, Sulfur gathering, processing & distribution & Fertilizer manufacturing & distribution.
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Fool UK
Recs
Discover price: $20.70
Duration: Intermediate-term
Reasoning:
Security is trading near fair value to slightly being undervalued. Overcapacity of petroleum products benefits company.
Dividend yield: > 14%
Recent insider purchase(small)
Relative strength(S&P and Industry)
Current uptrend(relative to industry)
Intermediate weakness in petroleum prices
Disclosure: Used to own in real life for dividend. Sold many moons ago to pursue chasing capital appreciation in other equities.