Re: Another uncorrelated asset?
I haven't even begun to do my DD, but I often find my highest returning investments in the stuff that is ignored or gets thrown out with the trash. This is a company that is small and operates in an industry NOBODY wants to talk about. Sounds like an ideal candidate for a value play. Hopefully my head-scratching will yield a decision on whether this is a great opportunity or a bomb.
One thing I do like about this one: small, undervalued companies can stay that way for years, and as an investor waiting for cap gains, you are stuck waiting it out. In this case, it is set up as an MLP, so it is pretty likely that a hefty yield will compensate the patient.
"Neither my companion or I carry firearms on our persons. We depend on the goodwill of our fellow man and the forbearance of reptiles."
- English Bob