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

Phew... :)

[my2pennies]

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!

[Kherson]

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

[Bullchart1]

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. 

[my2pennies]

Gotta say, I'm a bit (actually alot) surprised that my 7.15 stink bid got filled....I was expecting a price pull back/bounce but wasn't actually expecting to add to my position today. Already liquidated the new add 11 mins later. I think that the fastest flip I've ever done. Seriously though, I wasn't kidding when I said even a knuckle dragger like me can make serious money in

[Bullchart1]

was pretty sure about my earlier quote. Added at 7.05. Don't be to comfortable. Tomorrow needs to verify today support. 

[my2pennies]

I hear ya. I wasn't comfortable of owning a new position at 7.15 so liquidate at 7.88.

[Bullchart1]

Tectnically, Che doe not want to leave a gap down unfilled for more that 3-4 days so we will see if we get another test of today's low like a last year earning report. Does not have to repeat but so far is doing so. (7.8 million last year Q loss. Only 20 million this year so things are improving Q/Q but we are trading 85% higher. Still like for a 2021-2022 market recovery. 

[my2pennies]

I did assets greater than liabilities, and they have cash sources to cover the distribution. All sound logic points to revenue recovery within 18 months that will contribute enough to fully cover the current distribution. I'll be more than happy to eat my words in 18 months if revenue hasn't recovered by then. Do I think the distribution will go back to 0.10? Heck no, and will likely be

[leo101]

kherson makes an excellent point. a lot of risk in this company.

[my2pennies]

Please define "a lot of risk". Risk of insolvency is pretty much nonexistent. Risk of more than 50% of the previous revenue stream not returning over the next 18 months is negligable (I'd go as far as saying it's an impossibility). Unless you know of any accounting irregularities this stock will stay well north of $5.50. For many of us $5.50 still represents a very nice capital

[CanSiamCyp]

M2P: Thanks for your contributions! A word of advice: put Kherson on ignore. While he may raise some interesting points from time to time, you have to ask yourself why someone who hates a company so much and doesn't own any units in said company would spend so much time and effort "stalking" on a bulletin board dealing with said company. In other words, he is behaving like a

[my2pennies]

SCS thanks for the heads up! I'm a bit of an odd ball that enjoys reading what contrarians have to say. Most of the time it's pointless dribble (like what's going on the Ricoan bullboard), but every now and then there's a nugget of gold. For every 100 Khersons there is 1 that actually has novel input worth digging into. In my career of building mega projects I always make sure I

[Huckleberry68]

This post has been removed in accordance with Community Policy

[MohamadJ5]

Thumbs up !!

[Red_Deer]

Pretty SURE that YOU would Know the OLDE Market Adage about RISK/REWARD ?? Lotta RISK Often IS the Road to REWARD !!!!!!