Capital Products Limited Partners (CPLP)

[SSKILLZ1]

CPLP

I was actively buying CPLP today in the upper 3.30's. here is what I like.

1) CPLP pay roughly a 9.5% divy. That is a good income producer. for those worried about the payout ratio of the divy, because they only earned .08 in q1, I wouldn't be, because there was 18.5 million in depreciation and amortization for the quarter, hence they have plenty of distributable cash.

2) CPLP has a healthy balance sheet in fact it has a little more than a $1 in cash. And trade well under book value.

Conclusion: we have a way to play the shipping space. With a great divy. solid earnings. Trades waaaaaaaaaaaaaaaaaaay under book. And has a $1 a share in cash. I like CPLP a lot here, think it has potential to be yet another good income producer, a bargain to book value. recently raised the divy several quarters back as well. All is just my opinion, and I could always be wrong though.