TSX:CHE.DB.E - Post by User
Post by
Trallalainveston Feb 20, 2020 8:13pm
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Post# 30715500
Friday tank show?
Friday tank show?
all in all report not so positive I think will have operunity to buy lower price. This is major concern in terms of future looking on this company. The first is a disruption in rail service as a result of blockades in various parts of Canada. We and our suppliers and customers rely on rail to transport a large portion of our products and in most cases, there is no viable alternative mode of transportation. The second is the effect of the COVID-19 virus on the Asian chlor-alkali industry and the broader global economy. Recent reports show that the virus is resulting in a reduction in the operating rates for the chlor-alkali industry in Asia. The price we realize for caustic soda is heavily influenced by the North East Asia spot price for caustic soda. Due to the nature of both these issues, it is difficult for us to estimate their effect on our operations and financial results. Im liking the company but I think has room to drop to give me better price to enter. Good luck to all