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 Martin Midstream Partners(NASDAQ:MMLP) jumped as much as 15% today after its general partner announced a partnership.
So what: Martin Resource Management Corporation, who owns the general partner of Martin Midstream Partners, announced that it has partnered with Alinda Capital Partners. Alinda is one of the largest infrastructure investment firms in the world, with $7.8 billion in equity commitments and this may open up new drop-downs for Martin Midstream.
Now what: We don't know the exact impact the partnership will have until new projects are announced or drop-downs emerge, but the goal is that this will lead to higher growth. I think this will open up some opportunities, but I don't think the surge today will last unless there are further announcements. I don't think this changes the investment thesis until we see how this helps the company in the long term.
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Fool contributor Travis Hoium has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.