TSX:CHE.DB.E - Post by User
Comment by
Bullchart1on May 11, 2021 9:05am
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Post# 33172345
RE:RE:Phew... :)
RE:RE:Phew... :)Either way, technically, 7.00 - 7.75 looks like a solid support. This happened last year after earnings.Will start picking up more tomorrow. Give this a month and we will have a much different picture.
Kherson wrote: my2pennies wrote:
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!
Is the current distribution sustainable? Maybe you should take a closer look at page 2 of the 1st Quarter Financial Statements under the heading "Liabilities and Unitholders Equity".
Kherson