I am a private investors who follows factoids. Given what has happened to MLP's I have started buying and there was one in particular that is offering outsized yields of 24.5%. It is AMID and has dropped like a stone over the last year reaching levels suggesting problems. I do not own it and wish to know if I should. Recently Energy Spectrum Capital announced they were making a large purchase of the stock. They already have a substantial position.
Would you be willing to do an analysis of this company and the possible pitfalls. I follow you and you seem to do a thorough job. I have recently purchased ETP based on your analysis and I have also purchased a fairly large position in DLNG which is now yielding over 17%.
My guess is some of these MLP's are being punished unfairly because a few have cut their dividends. I believe this is particularly true of DLNG which is an LNG shipper with 5 or six new ships. The LNG market will be expanding and I consider this company a safe investment.
Right now I want to know what the risk is for AMID.
Jeff Kassel, Ph.D.
Victor Rendon Private Investor and Long Term Trader. Follower of the Wyckoff Method as well as of David Weis. Always looking for Sleeping Beauties and Cinderellas in the Stock Market, either in the US and / or LatinAmerica.