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The last time I touched on PBF Logistics (PBFX)(03/29/19), it was a mostly unknown company. Since then, PBFX has continued to fly mostly under the radar - exactly where I like it.
PBFX has handily beaten the Alerian MLP ETF (AMLP) while trailing the overall market's performance (SPY). This is expected for an MLP that is relatively unknown and existing in a corner of the market that is often downtrodden.
Investment Thesis
PBFX is a midstream MLP (master limited partnership) with a strong and