Chemtrade Logistics Income 6 50 Convertible Unsecured Subordinated Debentures T.CHE.DB.E

results out all in all not bad

[uograd]

a year ago the stock was 11 bucks plus with a .10 distribution and they recorded 90 million in ebitda

this year 64 million in ebitda for a stock at 5 bucks with a safe .05 distribution.  q4 will be lower because of plant turnarounds.

if there is a selloff in tax loss selling season it would be a time to add.

[CanSiamCyp]

Uograd: Just out of curiosity - what price target do you plan to aim for before pulling the trigger to buy? I bought some in mid March at $4 per unit. Do you think we could go lower than that either after this weak Q3 report or due to tax loss selling next month? Cheers!

[truthseeker1]

IF and I say IF  the 5 cent distribution was huaranteed safe its a hell of a buy right now

[toppgunn]

Agree and have to look 6 months to 1 year out for realistic view of company for profitability.  Admire Chemtrade doing all their plant upgrades and maintenance on their facilities which is currently effecting some of their bottom line for 3rd and additionally for 4th QTR.  That said, best time to be doing maintenance during covid times as when things get running more normal then company