Grant Is Bullish On WLKP Despite New IRS Rules
Two months ago shares of Westlake Chemical Partners LP lost a third of its value, falling from $28.75 to $19.21, in just ten days after the IRS proposed new rules that would strip the company of its master limited partnership (MLP) status. Jim Grant of Grant’s Interest Rate Observer argues in the publication's latest issue that this is an overreaction and that the stock is now attractively priced (n.b. he wrote the article at $23, WLKP now trades at $24) regardless of . . .
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email firstname.lastname@example.org and we will get back to you as quick as humanly possible