Alpha Bet
Long/short equity, value, event-driven, research analyst

Terra Nitrogen: Long-Term Holders Face Considerable Downside

Terra Nitrogen Company, LP (NYSE:TNH) has been a favorite among MLP and income seeking investors for several years now, and I personally had the good fortune of picking up shares of the company as an undergrad student working on a finance project in 2006, for just under $30. While I didn't own the shares all the way through until their peak around $270 last year, TNH was one of my first investments, and a good one for me, and therefore will always have a special place in my investing heart.

With that being said, I have seen a few publications about Terra Nitrogen recently that tout the MLP's long-term value and upside, which is normally attributed to the...

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