Global Partners LP (GLP), an energy MLP headquartered in Waltham, Massachusetts, is a compelling investment today for yield-seeking portfolios. The company operates approximately 1,600 locations primarily in the Northeast, including a variety of independent owners, suppliers, and operators of gasoline stations and convenience stations. Let's take a closer look at the business and the investment opportunity.
Business and Financials
GLP is trading at a market cap just under $700 million, which is phenomenal. This small-cap name is just over many investors' micro-cap threshold, and is too small for large hedge funds to take