GPP - Green Plains Partners: Time To Get Bullish Safe 10%+ Yield Is Coming Very Soon

• Green Plains Partners has successfully shed their previously choking credit facility through refinancing and thus has flagged much higher distributions are coming very soon.
• Their commentary indicates that these are likely to result in a very high distribution yield of over 10%.
• Their cash flow performance continues to be steady and should be capable of adequately funding these with free cash flow.
• They also have a very healthy financial position to lend further support that has very low leverage and adequate liquidity.
• Whilst I have previously been wary of their units given their credit facility repayment schedule, now that this has been resolved, I believe that upgrading to a bullish rating is appropriate.

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