Invests primarily in master limited partnerships (MLPs) and limited liability companies (LLCs) within the energy sector. Now — the numbers.
This is an established company with proven profits.
An average decline of 19% a year over the last 4 years — the most striking risk in this picture. Red columns mark years that ended in a loss.
The gap is $129.7M. In times of high interest rates, a gap like that can squeeze a company.
Executives buying with their own money is usually read as confidence in the company’s future.
angles, checked one by one.
The 3 that stand out are on screen; the rest came back neutral.
The council scores out of 10; report-card grades are out of 100.
Revenue Growth: Sales are going backwards, not just slowing.
The stock trades near its peak today. For long-term holders the ride has paid off so far — though past performance guarantees nothing about the future.
Over the last 12 months, company executives reported 9 buys and 0 sells. Management buying with its own money is usually read as a good sign.
It pays out $0.76 per share each year — regular cash for whoever holds the stock.
Over the last 4 years, sales fell about 19% a year on average. Profit is holding up, but a shrinking business is a risk worth watching.
The company’s market value is 130 times its annual profit. Even a small disappointment could hit the price hard.
We grade companies — revenue, margins, balance sheets. This is a fund, so there is no report card to give. That is not a low grade; it is a different kind of thing.
One-line summary: a basket, not a business. Judge it by what it holds.