This stock yields 11.92%, with 1.14x coverage. It has raised its distribution every quarter for the past 12 quarters. It has expanded rapidly in the past year - revenue grew 87%, EBITDA grew 113%, DCF grew 228%. It looks undervalued on a price/book and PEG basis. Do you like tacos and Tex-Mex food?
Apparently, a lot of travelers do, as witnessed by the rapid expansion and inclusion by Sunoco LP (NYSE:SUN) of its Laredo Taco Company food outlets into its retail Convenience store/gasoline outlets. SUN has had mega-expansion over the past year, rapidly expanding into the C-store business, growing its footprint by over 40%, to 1,300 stores, via a major dropdown from Energy Transfer Partners, (NYSE:ETP), and through various smaller acquisitions. It is now among the top five players in the US C-Store industry.
Source: Seeking Alpha
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