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Strategies & Market Trends : Value Investing

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To: E_K_S who wrote (52410)	12/5/2013 3:16:28 PM
From: E_K_S	Read Replies (2) of 78702

McDermott International Inc. (MDR) - Closed out this position @ $7.82/share for a small gain Marlin Midstream Partners, LP (FISH) - Added another 30% to my position @ $16.62/share The MDR story may take longer to play out than I realized. I will look to re enter that position below $7.00/share if/when it sells off to that level. I moved the proceeds into my FISH MLP as this is one MLP I am building up as it provides a pretty good value w/ favorable growth opportunity. This is now a 2% position in the portfolio and I will add more at lower prices up to a 3.5% portfolio position. FWIW, the stock is trading as if they may cut their distribution estimates as Q3 & Q4 were estimated to be growth quarters allowing the company to cover their estimated 2013-2014 distribution coverage. I am betting they will add one or more supply agreements and maintain their original stated distribution amount for 2013-2014 of $1.40/share. EKS

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