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SPH - Suburban Propane May Be The Fuel That Your Portfolio Needs
Suburban Propane Partners L.P.
I am excited about Suburban Propane Partners (SPH). The company focuses on paying down debt, as well as expanding operations through acquisitions. Moreover, these acquisitions have been funded mostly through internally-generated cash. The operational performance is reliable, and I have no concerns about the debt level. I think that the distribution is entirely sustainable in the interim. SPH is a solid buy.
SPH's tailwinds
SPH's management team is executing a strategy beneficial to shareholders. Mike Stivala, President and CEO, mentioned in the 2Q 2019 earnings call that the company reduced debt by more