TransMontaigne Partners L.P. (NYSE:TLP)

Cmoor (99.04) Submitted: 3/31/2009 5:17:43 PM : Start Price: $13.12 TLP Score: +71.65

Transmontaigne is is more a storage and terminal operator than a true pipeline LP, but that is to its advantage, because it lowers the risk profile. It has extensive operations in storage short Florida, which has no interior pipeline system. TLP has seven coastal terminal and storage facilities in the growing Florida population base. Conservative operational and fiscal posture make the 13.5% dividend look secure. You are certainly being paid to wait for the stock price to return to more normal PE levels.