Roger Conrad

Analyst Articles

Here are four basic points that I consider when I rate the safety of an MLP investment. 1. Payout ratio based on distributable cash flow (DCF). DCF is the best measure of an MLP’s profitability, as it effectively takes into account their ability to avoid paying corporate income taxes. In… Read More

Every bull market eventually comes to an end. The catalysts pushing profits, dividends and share prices higher ultimately dissipate. Equity valuations become so high that the expectations built into them become almost impossible to achieve. Finally, the air goes out of the balloon. Growth slows to a crawl or shifts… Read More