The problem here is that it is a perennial disappointment, he says. Technically it is range bound in price and earnings are disappointing. If interest rates go up, these types of yield companies will take a hit. He would like KKR or Blackstone instead.
#1 propane company in the US. People use propane to heat the house and don't have the alternative of natural gas or oil. Stable and has utility type characteristics. 8.7% yield and sustainable.
The problem here is that it is a perennial disappointment, he says. Technically it is range bound in price and earnings are disappointing. If interest rates go up, these types of yield companies will take a hit. He would like KKR or Blackstone instead.