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Strategies & Market Trends : Value Investing
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To: Paul Senior who wrote (52499)10/30/2013 7:36:02 PM
From: E_K_S  Read Replies (2) of 78710
 
Marlin Midstream Partners, LP (FISH)

Marlin Midstream Partners, LP Reports Third Quarter 2013 Financial Results
For the third quarter of 2013, net income totaled $1.9 million and adjusted EBITDA was $6.7 million. Distributable cash flow for the post-IPO period was $5.3 million resulting in a coverage ratio of 1.31x for the period.

Coverage is a little higher than I expected but growth will soon catch up. I believe they are only running at 65% of capacity and when all the new contracts kick in, it will be substantially higher.

May get a chance to add to my position on the open tomorrow as I have more buys in below $18.00/share.

I am still positive on the company. The company has two major Customers w/ Gathering and Processing Agreements: (1) Anadarko and (2) AES. They also have a Transloading Services Agreement w/ AES.

I suspect other agreements will/should follow.

EKS
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