CANEXUS CORP 6.5 PCT DEBS T.CUS.DB.D

divvy reduction

[roscoe74]

is still 8.8% at a$4.50 sp. Good return to wait for CUS to get the bugs out and bring NATO up to speed.

[amugsgame]

Yes the return looks good on paper but at over 350% payout ratio the piper has to be paid at the end of the day so for the next "?" quarters CUS either keeps digging into debt , issues more shares or cuts the dividend. All options will have a negative effect on the SP while waiting for the turn around appear. Not bashing here - just being a realist and wanting to protect my capital 

[Kherson]

In order for a turn around to occur, the soon to be named CEO will have to get rid of the clown who now occupies the CFO's position. Kherson

[BlueCollar51]

amugsgame; The “Headline” Q1 POR numbers were certainly shocking. As always to get a good understanding of what actually went on it’s useful to look past the Headline and dig a bit deeper.   I am not an accountant not to mention a forensic corporate accountant but when my money is at stake I do my best to figure things out.   You can’t re-write history, the Q1 numbers are what they are

[peterm]

nice summary bluecollar - man I hope your right - gonna pick up 2000 on Monday - can some employee not just count the loads leaving Brunderheim - how could the number of loads be a surprise?

[BlueCollar51]

peterm; I don’t think the number of train loads was much of a surprise. It’s well known that the weather in Q1 caused a lot of problems for the Railroads. The Canadian Government’s “meddling” (mandating priority for grain) was not helpful. The Q1 POR numbers were certainly shocking but as I posted, in my opinion when the underlying causes are assessed not the “Train Wreck” they appear to be.  

[amugsgame]

Bluecollar...Always good to see a thoughtful and well reasoned post rather than the "this is goin' to the moon" stuff that is typical of boards. Your faith in CUS is obviously based on you own thorough research and that is a lesson anyone reading this post can take away. The money we have in the markets is real and there are a lot of companies / people out there who are happy to take