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    Elliott Gue's

    Big Picture

    Looking at relative valuations is one strategy for investors to identify inexpensive MLPs whose valuations don't reflect their growth prospects.
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    Roger Conrad's

    Income Insights

    Breitburn Energy Partners LP's recently proposed acquisition of QR Energy LP demonstrates that the search for scale is alive and well among upstream MLPs.
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Merger Madness Continues in Utility Sector

Mergers are the past, present and future of the US utility industry. Since the days of Bell and Edison, heat, water, electricity and communication companies have found that they can lower costs and improve operational efficiency by adding scale.



  • Utility Stocks

    Yieldcos: Built to Last, But Priced for Speed

    By Roger S. Conrad | Aug. 1, 2014

    Long-term supply contracts ensure that utility yieldcos should maintain their dividends even if the boom in renewable-energy installations goes bust. However, lofty valuations suggest that the market has already priced in a great deal of upside. Tread carefully.

  • Global Top Cat

    Market Outlook: This isn’t a Repeat of 2007

    By Yiannis G. Mostrous | Aug. 1, 2014

    With the MSCI World Index hitting a new high, some pundits have warned of an unsustainable equity bubble. But valuations look reasonable in many international markets. Asia offers the best risk-reward proposition for the back half of 2014 and the long term.

  • Portfolio Update

    Earnings Season in Full Swing

    By Elliott H. Gue | Aug. 1, 2014

    At roughly the midway point of second-quarter earnings season, our Wealth Builders Portfolio holdings have delivered the goods, with several warranting higher buy targets.

  • Quarterly Earnings

    Pulling the Levers

    By Roger S. Conrad | Aug. 1, 2014

    Larger master limited partnerships sometimes get a bad rap from investors because they require greater incremental cash flow growth to move the needle. On the other side of the coin, these names have the scale and asset bases to pursue growth projects that aren’t feasible for smaller operators. And our favorites boast above-average yields have underappreciated levers they can pull to unlock value for unitholders.



    A balanced portfolio of Elliott Gue’s top stocks for capital appreciation.


    Roger Conrad’s top stocks for investors seeking reliable income.


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