Capital Product Partners L.P. (NASDAQ:CPLP)

CAPS Rating: 5 out of 5

An international owner of product tankers, chartering its vessels under medium to long-term time and bareboat charters to large charterers.

Caps

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All Players

174 Outperform
7 Underperform
 

All-Star Players

21 Outperform
3 Underperform
 

Wall Street

5 Outperform
1 Underperform
 

Top CPLP Bull/Bear Pitches

The best Bull and Bear pitches based on recency and number of recommendations.

rhallbick (96.18)
Submitted April 12, 2018

Capital Product Partners LP (CPLP) is an international owner of tanker, container and drybulk vessels. As of Dec 31, 2017 their fleet consists of 36 high specification vessels (2.6 million dwt) with an average age of approximately 8.4 years. The… More

superstar (99.90)
Submitted April 28, 2016

While I'm extremely bullish right now on oil related companies for long-term investments, i.e., everything from index funds like XLE, to best in breeds like NOV, to highly undervalued microcaps like LEI, there are some companies simply to be avoided.… More

CPLP VS S&P 500 (SPY)

Recent Community Commentary

Read the most recent pitches from players about CPLP.

Recs

0
Member Avatar AnsgarJohn (96.70) Submitted: 4/12/2018 9:00:35 AM : Outperform Start Price: $3.00 CPLP Score: -18.72

https://www.gurufocus.com/stock/CPLP cheap ships?? 12% dividend, selling shares. End ASAP

Recs

1
Member Avatar rhallbick (96.18) Submitted: 4/12/2018 8:42:43 AM : Outperform Start Price: $3.12 CPLP Score: -17.51

Capital Product Partners LP (CPLP) is an international owner of tanker, container and drybulk vessels. As of Dec 31, 2017 their fleet consists of 36 high specification vessels (2.6 million dwt) with an average age of approximately 8.4 years. The fleet includes four Suezmax crude oil tankers, 21 Medium Range Product/Chemical tankers, ten Neo-Panamax container carrier vessels and one Capesize bulk carrier. As of Dec 31, 2017, 33 of their vessels were chartered under time and bareboat charters with a revenue weighted average remaining term of approximately 5.3 years.

Vessel charter companies are subject to rate change risks during charter transitions. Rates are influenced by the number of vessels in the world's fleet vs. the level of international trade. CPLP has 12 product tankers and 3 crude tankers subject to contract renewal during 2018. CPLP has also seen steady increases in vessel operating costs in the last couple of years, which has reduced the dividends paid to the common shareholders.

Assets are almost entirely in the value of the vessels and are financed by 36.3% liabilities and 63.7% equity.

127,246,692 Common Units
2,439,989 General Partner Units
12,983,333 Class B Convertible Preferred Units ($9/sh conversion, $0.214/qtr distribution)

Completion and delivery of newly-built vessels to the world's fleet has returned to a sustainable level, while world economic growth is expected to increase, especially in southern Asia. If this leads to a return to average historic shipping rates, CPLP will benefit. Rates have been in a general uptrend since early 2016, and have spent the last year in the lower half of the traditional range.

Common Price: $3.28 | Annualized Distribution: $0.32 | Yield: 9.76%

Recs

1
Member Avatar TSIF (99.98) Submitted: 4/27/2016 8:22:22 AM : Outperform Start Price: $1.99 CPLP Score: -1.61

I don't like shippers.
I dislike Greek shipper the most.
I don't believe there is any accountability and structure favors the upstream holders.
I don't like companies that issue stock and borrow to support inflated dividends.
I don't like oil in this environment.

So, up, yes...dropping the dividends by 75% puts them more realistic and still at 10%.
Ships in an optimal mix and oil will continue to be transported in many areas. Oil is down from there being a glut and potential for more, but usage is not down substantially. It also needs temporarily stored from time to time.

Costs are reported very low.
Profitable (on paper), net income, but needs to ensure borrowing really goes toward expansion of inexpensive/fire sale assets and not to Ponzi scheme dividends.

Testing, looks abused, although in some regards that is not an indicator.

Leaderboard

Find the members with the highest scoring picks in CPLP.

Score Leader

izzymom

izzymom (< 20) Score: +183.96

The Score Leader is the player with the highest score across all their picks in CPLP.

Top
Pick
Member Name Member
Rating
Start
Date
Call Time
Frame
Start
Price
Stock
Gain
Index
Gain
Score Commentary
izzymom < 20 6/27/2008 Underperform 3Y $5.47 -50.08% +133.88% +183.96 0 Comment
riskybus < 20 9/23/2008 Underperform NS $3.83 -28.65% +146.98% +175.63 0 Comment
TankerBoy 94.83 2/14/2008 Underperform 3Y $5.51 -50.43% +123.58% +174.01 0 Comment
dabears54 81.59 4/19/2007 Underperform 1Y $6.82 -59.95% +109.82% +169.77 0 Comment
brogers146 69.13 3/18/2013 Underperform 5Y $4.28 -36.18% +88.38% +124.56 0 Comment
DeadmanLiving 71.76 3/13/2013 Underperform 3Y $4.30 -36.51% +86.89% +123.41 0 Comment
marshgerda 67.70 9/25/2018 Outperform 5Y $2.72 +0.26% -0.04% +0.31 0 Comment
TSIF 99.98 4/26/2016 5/10/2017 Outperform 3Y $1.99 +37.42% +39.04% -1.61 3 Comments
bsharvy 91.60 9/10/2018 Outperform 5Y $2.77 -1.44% +0.70% -2.14 0 Comment
openhandedgrouse < 20 3/15/2016 Outperform 5Y $1.98 +37.97% +44.39% -6.42 0 Comment

Wall Street

See what the Wall Street professionals think, according to their public statements and filings.

Player Name Player
Rating
Start
Date
Call Time
Frame
Start
Price
Stock
Gain
S&P
Gain
Score End Date Commentary
trackglobalhunte < 20 2/18/2015 Outperform NS $6.37 -57.16% +38.68% -95.84 0 Comment
TrackJimCramer 85.76 12/4/2012 Underperform 3W $3.65 -25.24% +105.84% +131.09 0 Comment
TrackDeutscheSec 84.84 10/2/2009 Outperform NS $3.37 -18.92% +176.01% -194.93 0 Comment
TrackUBS 92.22 2/3/2009 Outperform NS $3.11 -12.35% +253.20% -265.55 0 Comment
TrackWellsFargo 86.36 9/3/2008 Outperform NS $4.59 -40.49% +134.55% -175.04 0 Comment
TrackStifel 92.34 6/13/2008 Outperform NS $5.72 -52.26% +124.17% -176.43 0 Comment
TrackJPMorgan 86.99 3/17/2008 Outperform NS $11.67 -22.03% -6.13% -15.90 4/30/2010 @ $9.10 0 Comment
TrackBearStearns < 20 10/11/2007 Outperform NS $14.11 -41.68% -12.23% -29.45 4/17/2012 @ $8.23 0 Comment

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