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Suncoke Energy Partners is yet another MLP IPO, As some of you may know, I had been tracking all of them under the theory that they outperform the general market as a whole. For the most part they have, but I've run out of space to pick them here in CAPS...200 spots goes fast :).SunCoke owns two fairly new facilities that it uses to make metallurgical coke for the steel industry. If you're bullish on the economy, like I am, SunCoke should do well. Throw in an 8%+ yield and we should have a recipe for investing success.Deej
Deej -- what do you think of the GP and their IDRs here? Looks like the GP only holds 2%, but will be skimming a good share of the cream off the top. It's nice that they have a minimum distribution, limiting the downside, but the upside seems pretty limited too -- the minimum distribution ($0.4125 / share) and the IDR threshold ($0.4744 / share) being pretty close. I'm not an expert on MLPs, but it seems to me like it is a good deal for the GP and probably a boring ride for all the other unitholders (of course, "boring" can be good).