TSX:CHE.DB.E - Post by User
Post by
my2pennieson May 10, 2021 7:50pm
340 Views
Post# 33170743
Phew... :)
Phew... :)
Phew, I was expecting something MUCH WORSE than that. Distributable cash after maintenance, expenses, and capex is $17,302,000 so I'm happy that they can cover the $0.05 monthly distribution with a bit to spare even with these absolutely dreadful current market conditions.
Not gonna sweat a large price pullback tomorrow (as my cost basis is waaaaaaaaaaay lower than the current price), and actuallyhoping it does dive so I can pick up some more. I've already got my stink bids in. LOL. Anyways, I'll continue to be long now that I consider the current $0.05 distribution to be sustainable, especially as revenue recovers as we get back to "normal" over the next 12-24 months.
I'm loving the volatilety and buying opportunities this pandemic has caused in the high distribution paying stock arena. Even a knuckle dragger like me can make ridiculous capital gains and secure very sustainable low cost monthly/quarterly dividend income. It's allowed me to shave 10 years of my retirement plan in under 10 months (yup, I'm patting myself on the back). It sometimes feels like a I won the lottery dream; please don't wake me!
May fortune find its way into each of your pockets. Cheers!