SPH - Suburban Propane Partners: Management Softening Unitholders For A Distribution Cut

Introduction

There is something particularly alluring about high yielding investments, whether it is from years of low interest rates or the prospects to be paid handsomely to simply wait, sitting back and collecting large paychecks feels excellent. On the surface, Suburban Propane Partners (SPH) seems like a worthy consideration with their very high distribution yield of 17%, however, like always investors are wise to dig deeper as the situation is not often as rosy.

Executive Summary & Ratings

Since many readers are likely short on time, the table below provides a very brief