Perhaps the best exchange in the movie Godfather for explaining how the mafia worked was when Bonasera is asking Don Corleone (the elder) a favor:
Bonasera: How much shall I pay you [to kill some guy]
Don Corleone: Bonasera, Bonasera, what have I ever done to make you treat me so disrespectfully? If you’d come in friendship, this scum who ruined your daughter would be suffering this very day. And if by some change an honest man like yourself made enemies, they would become my enemies. And then, they would fear you.
Bonasera: Be my friend…Godfather.[Corleone shrugs, but upon hearing the title lifts his hand, and a humbled Bonasera kisses the ring on it]
Don Corleone: Good [places hand on his shoulder]…someday… and that day may never come… I’ll call upon you to do a service for me. But until that day, accept this justice as a gift on my daughter’s wedding day.
Bonasera: Grazie, Godfather.
This exchange helps illustrate the approach Guzman & Company is taking with MLP equity research, which launched today (see press release here). Nothing is free, but Guzman & Company is offering its MLP research (starting with the five reports I published today) free to interested parties, as long as they share contact information with the firm and are willing to be contacted by Guzman & Company sales and trading staff in relation to underwriting transactions in which Guzman & Company may be involved at some future date.
There are two distinct differences between this approach and the Godfather’s: (1) we will not feel disrespected if someone wants to pay us for research or trade with us as a thank you, and (2) we will not accept any ring kissing.
So, someday…and that day may never come…we may call on you, but until that day, please accept this research as a gift…
To sign up to receive equity research reports going forward, follow this link (http://www.guzman.com/Research.aspx). We plan to publish a sector report on the upstream MLP sector that will help explain the thesis for that group within the MLP sector, why I iniated coverage with 5 outperform ratings and perhaps a top pick of those 5. Additionally, we plan to launch coverage of more MLPs this quarter.