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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Dennis Roth who wrote (148907)4/13/2011 1:00:01 PM
From: Dennis Roth2 Recommendations  Read Replies (1) of 206093
 
CS Take on MLPs
Weekly Analysis
Beta' Believe in the Defensive Nature of MLPs
21 pages, 36 exhibits
Download Link: sendspace.com

MLP Beta Analysis Supports MLPs as a Defensive Sector: We continue
to view MLPs an attractive, relatively low-risk asset class. Not surprisingly,
Pipeline MLPs exhibit a low correlation with the market (S&P 500),
generating a median beta of just 0.61. MLP general partners produced the
highest median beta (1.12), which makes intuitive sense, in our view, given
the leveraged nature of the cash flow streams to general partners.
Outperform rated MLPs include: EPD, DPM, PAA, KMR and BWP.
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