“We don’t have to leave the US to find plenty of bargain buys in partnerships and pass-throughs,” says Neil George in his new specialty service designed for income investors, The Partnership Letter.

In his search for “solid, heavy-cash-generating assets,” the advisor takes a look at two of his new portfolio holdings, Kinder Morgan Energy Partners (NYSE: KMP) and Kinder Morgan Management (NYSE: KMR).

“Right now plenty of partnerships and pass-through entities in the US and around the world are down in price. The real work comes in finding and buying partnerships that have solid, heavy-cash-generating assets that produce for bargains.

“And they need to pass two

other tests. The first is that they need to be financially sustainable. With the ongoing credit crunch, partnerships we own need to be able to carry themselves without having to face a cash crunch.

“The moment analysis is one of trade sustainability: Can the operation behind the partnership keep running and expanding even whether the global economy slows? are widely held by investors. And though neither has been relegated to the bargain, both represent solid deals.

Continue reading Income expert focuses on ‘partnership’ profits in energy

Original post by Steven Halpern

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