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November 2014 monthly MLP commentary
We had a small write up in The Wall Street Journal, this past weekend, in Jason Zweig’s Intelligent Investor column “An Energy Boost for Portfolios”.
The Market and Master Limited Partnerships
The recent stock market weakness began on September 19th with the initial public offering of Alibaba Group Holding Limited. The stock market has been overvalued
IGA MLP performance 1 year 41.08%, YTD 31.47%, 3 year 32.12%, before management fee. See disclaimer in PowerPoint.
Performance Income Growth Advisors, LLC’s Master Limited Partnership (MLP) asset class performance rose 9.14% in August. Our year to date our performance is up 31.47%
May 2014 MLP Performance
Income Growth Advisors, LLC’s Master Limited Partnership (MLP) asset class performance was up 6.11% in May. Our year to date our performance is 18.25% —
Quarterly letter High Valuations and the Case for MLPs
Three market indicators suggest that the stock market is approaching peak valuation levels. The Cyclically Adjusted Price Earnings (CAPE) ratio, championed by Nobel Prize Winner,
2013–the Year of the Punch Bowl
Last year, the S&P 500 rose 29.6%, the equity index’s highest return since 1997. The Federal Reserve’s Quantitative Easing “QE” program of $85 billion a
Hidden Earnings and Value Case for JC Penney (JCP)
J.C. Penney (JCP) 8/19/13 Close $13.22–Update 8/20/13 JCP reported an adjusted loss of $1.18 for FQ2, missed analyst estimate by 12 cents but exceeded the
Two Timely MLPs: Calumet Specialty Products Partners, LP, and Tesoro Logistics, LP
Published in Seeking Alpha August 15, 2013 Calumet (CLMT $29.68) recently declined 20% from its recent high of $36.6 due to weak earnings and now
IGA Introduces Quantitative Strategies and Q2 2013 Review
The second quarter experienced a sharp rise in interest rates marking the beginning of the end of the easy money policy known as Quantitative Easing
Economic Perspective (Q4 2012)
The stock market is in a delicate precarious position between attractive relative valuation and an earnings recession. On the one hand, interest rates are so
Tyson Halsey quoted in The Wall Street Journal’s “Intelligent Investor” column
IGA’s Tyson Halsey was recently quoted in Jason Zwieg’s Intelligent Investor column in the Wall Street Journal. Zwieg sought out Halsey as an expert on alternative