CCLP - CSI Compressco's Declining Unit Price Collides With Rapidly Rising Earnings
CSI Compressco's (CCLP) unit price has been predicting disaster for some time despite rapidly increasing earnings. This has created a bargain seldom seen in the limited partner area.
Source: Seeking Alpha Website March 23, 2019
At least part of the pricing action shown above was due to the decision to cut the distribution to the recent annual rate shown in the slide. However, as management pointed out, the recent distributable income covered the old distribution around the 1.5 times originally forecast by management. Normally that would have been good news. Unfortunately, income investors