2024-07-08 11:59:26 ET
Summary
- Capital Product Partners L.P. stock outperformed S&P 500 with 31% total returns since my last coverage, which may indicate that my caution was unwarranted.
- The company's debt and dilution situation only got worse since then, though, which means caution might still be warranted. While shares are still cheap, they are significantly "less cheap."
- Investors should probably keep their position size small in CPLP stock.
Capital Product Partners L.P. Overview
Capital Product Partners L.P. (CPLP) (formerly known as Capital Product Partners) is a Greek marine transportation company, which I covered in the last year with a cautious article titled "Capital Product Partners: It's Cheap But Maybe For A Good Reason." Since then, the company's stock has outperformed, resulting in total returns of 31% for investors, beating the S&P 500's (SP500) strong performance of 26%. This perhaps proves that my caution was overdone and not totally warranted....
Read the full article on Seeking Alpha
For further details see:
Capital Product Partners: Still Risky After Recent Dilution And Additional Debt