Buy Magellan Midstream Partners (MMP)

12/06/2005 11:33 am EST

Focus: STOCKS

Jim Jubak

Founder and Editor, JubakPicks.com

Magellan Midstream Partners (MMP) owns an 8,500 mile pipeline system for the transportation and storage of refined petroleum products. The company’s capital spending plan called for $250 million in new projects to expand its already formidable reach. Magellan Midstream’s pipeline system can reach 43% of all U.S. refining capacity. Capital spending is scheduled to shrink to 90 million in 2010. The yield as of October 14, 2009 was 7.3%

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