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BPL - Buckeye Partners: Don't Get Tricked Chasing This 7% Yielder
Buckeye Partners L.P.
Buckeye Partners LP (NYSE:BPL) is going private, having agreed to be acquired by IFM - a large Australian infrastructure fund - for a 28% premium to the May 9 unaffected close. Yield-oriented investors may find the company's 7%+ yield attractive. However, in all likelihood, the deal will close prior to the Q4 payout, not giving some investors the annualized yield they expect.
Fundamental developments at the company have also been strong recently, causing some investors to want to take a closer look at BPL as an investment opportunity. For instance, the company appears