Barron’s published an interesting interview with Jay Rosenberg, manager of the First American Global Infrastructure fund.  According to Rosenberg, pipelines and infrastructure related companies are attractive in the current economic environment because they offer stable cash flows.  Specifically, Rosenberg says:
…we are generally much more focused on those companies that transport petroleum — both crude refined [...]

Continue reading...

The Master Limited Partnership is a tax efficient, cash generating machine.  In the MLP model, the majority of cash generated in a given period is passed directly through to investors.  However, some cash is retained in order to fund future projects or growth.  Understanding the difference between how much was paid out to investors and [...]

Continue reading...

One of the largest MLPs in existence today is Houston based Enterprise Products Partners.  As measured by enterprise value, EPP is second only to MLP bellwether Kinder Morgan at $21 billion.  However, from a liquidity standpoint (the ability to trade LP units on the open market – a key concern of many investors) it bests [...]

Continue reading...