Bullboard - Stock Discussion Forum Chemtrade Logistics Income 6 50 Convertible Unsecured Subordinated Debentures T.CHE.UN

Primary Symbol: T.CHE.DB.E Alternate Symbol(s): T.CHE.DB.F | T.CHE.DB.G | T.CHE.DB.H | CGIFF

Chemicals Basic Materials

Chemtrade Logistics Income Fund is a Canada-based company that operates a diversified business providing industrial chemicals and services to customers in North America and around the world. The Company's segments include Sulphur and Water Chemicals (SWC), and Electrochemicals (EC). SWC segment markets, removes and/or produces merchant, Regen and sulphuric acid, sodium hydrosulphite, elemental... see more

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TSX:CHE.DB.E - Post Discussion

Chemtrade Logistics Income 6 50 Convertible Unsecured Subordinated Debentures

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Comment by Kherson on Jul 27, 2020 4:20am

RE:2nd Quarter Results

Kherson wrote: Not good in my opinion.
I am not completely surprised about the writedowns although they usually show up in the 4th Quarter Results. But the red flag for investors is the Shortfall number which is now up to $142 million for the year!
I also see that Chemtrade is declaring "conditional amnesty" concerning the caustic pricing investigation by the DOJ. I am sure that we will hear more about that before the year is over.
I am expecting the unit price to drop today into the low 8's as investors can now clearly see that things are bad behind the scenes at Chemtrade! As I have said many times, Chemtrade has not been transparent with the Market!
Kherson

The above was posted on August 14th, 2019.
I wonder if Chemtrade will again report more writedowns for the 2nd Quarter of 2020?
Kherson

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