Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

"Divi-X" Play Of The Week: WLKP

|Includes: Westlake Chemical Partners LP (WLKP)

This week, we are shining the spotlight on a company that doesn't quite fit into my normal evaluation process. One of the unofficial criteria that I use when selecting a company is to answer the question; is the company doing better today than it was five years ago? Sometimes, though, I will run across a security that looks very good to me but doesn't have enough of a history to be able to answer that question. One of the things that attracts me to certain securities like this is when a company's stock "forms a base after falling from IPO grace." This is a term I coin stocks that fall considerably after the IPO hype dies down and the over-evaluation is removed from the shares price. Westlake Chemical Partners LP (NYSE:WLKP), in my opinion, is one such company.

Continue reading here:

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.