TSX:CHE.DB.E - Post by User
Comment by
GregC24on Jun 28, 2022 4:40am
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Post# 34786481
RE:RE:RE:Scotia comment
RE:RE:RE:Scotia commentKherson wrote: GregC24 wrote: incomedreamer11 wrote:
(Relatively) Recession Resilient - Upgrading to Outperform
OUR TAKE: Positive. We have upgraded CHE to Outperform, as we believe the business model can outperform its basic chemical peers through a recession, at least on a relative basis. Our revised PT moves to $10.25 from $9.50.
Inside Our Note
How is that possible? Kherson said that the Q1 guidance had already accounted for the current caustic soda price? Was he lying? Uninformed? Or both?
Greg, you really need to educate yourself on the difference between spot prices for Caustic and long term contracts for Caustic! The following is a good exercise for you and your minions, what percentage of Chemtrade's caustic sales are under long term contracts?
Just maybe Chemtrade is planning on yet another Equity or Debenture Issue (it's been over 6 months) and a little positive support from an Underwriter certainly would help?
Too funny!
Kherson
I have minions? Cool!