Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of TransMontaigne Parners
So what: Revenue increased 7.1% from last year to $39.5 million and beat expectations of $37.7 million from analysts. The company reported a loss per share of $0.24 on non-cash charges of $8.5 million that affected earnings negatively.
Now what: Distributions increased two cents to $0.61, so shareholders should be a little encouraged by that. In 2010 cash flow grew to $53.1 million from $43.9 million last year, which should take more focus than the earnings per share number. I think this dip was overdone today and the 6.1% dividend yield looks very attractive going forward.
Interested in more info on TransMontaigne Partners? Add it to your watchlist.
