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

Cheap nellies are watching train leave station

[toppgunn]

It was not long ago where numerous posters were trying to buy this in the 3's are lower, now are watching from the sidelines as Chemtrade is in a good uptrend. 

Time will tell, but the low 4's may now be a distant memory as markets are gaining momentum. 

We may never see Chemtrade back to the low 4's unless there is another world event 10 years down the road. 

I always reflect on 2008/09 downturn where never bought any shares in companies from Sept 08 to Mar 09, only to see doubles and triples in stocks a year later. This never happened to me this time as you gain experience after world events. 

The markets appear to strong and more vaccines are being discovered and market sees hopes in the world finally recovering.  Pandemics always disappear and this one too.

[PlutusofCrete]

I'm all for the optimisim. However, Chemtrade has a lot of issues it needs to work through before returning to $10+. 

[PlutusofCrete]

I also expect tax loss sellng to impact this stock in December.  A return to the high $4s is possible. 

[toppgunn]

I agree totally with your comments but believe this company has more upside than downside.   There biggest positive strategy was dividend reduction back in March from .10 to .05 monthly and this wil save the company 60 millioin per year.   Another factor is the pricing of some of their products which the company expects to be better in 2021.  This will have a huge

[PlutusofCrete]

the demand for pulp and paper products and chemicals to support the oil/gas industry might be sluggish well into 2021.  sadly i work from home now and i fill up for gas once a month whereas i used fill up four times a month.  kids dont go to physical school - so no printing paper.  if after a vaccine, offices switch to a hybrid model of working from home half the time....less and