MacQuaire, an analytical group guiding institutional investments through their research, has just come out with something of interest to all of us here---
They have raised their outlook for ALDW from "neutral" to "outperform.
This is very good news for some although it hardly moves the needle on my perspective. However, it probably accounts for two thirds or more of the positive action we're witnessing this morning in the first half hour of trading.
The only part of this leaving me dissatisfied is the omission of a target valuation. Had I been disclosing determinations as they've done, I'd have said I'm seeing a short term target price of $14.50 to $15 to be achieved by the end of November to mid-December. However, I base this projection on a combination of factors in which my expected 60-70 cent distribution (payable in November just ahead) occupies a prominent role.
ALDW is a gem of a smaller refiner. Even if the next distribution should be no more than the previously paid 35 cents/unit, what's not to like about a 12% yield? A number of factors suggest we're going to be receiving more than 35 cents, however.
I'm choking on surprise and the giggles as I just now see my ALDW gains amount to more than $102,000. I hope everyone here is happy, I sincerely do. And my own gains---coming from just 23 units? Amazing! lol
By the way, I'd be adding units if I had available cash. There's very few opportunities these days to grab a 12% yield from a refiner. We've got to have refined products and ALDW is a supply chain component.
Happy investing, fellow hunters!
