2024-02-14 07:01:34 ET
Summary
- Suburban Propane has outperformed the S&P 500 in the past six months, gaining close to 40%.
- Institutional buying and a major ETF's purchase have contributed to the stock's appreciation.
- The company's pattern of performing well in January and selling off in February and March suggests waiting to see if the increase is sustained.
- Propane's cleaner energy footprint, as well as the company's investment in renewable natural gas, renewable propane, and other green energy companies, has attracted interest and contributed to the price increase.
- The MLP's distribution has been paid for 27 years, but not without cuts along the way that have made it more secure going forward.
...
Read the full article on Seeking Alpha
For further details see:
Suburban Propane's 40% Gain In 6 Months Needs Cautious Watching