TSX:CUS.DB.D - Post by User
Comment by
Khersonon Mar 16, 2015 10:39pm
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Post# 23528215
RE:RE:Talked to IR today!
RE:RE:Talked to IR today!Kherson wrote: Kherson wrote: I will be exiting my position in Canexus tomorrow. Here is why:
1) The Blunderheim utilization rate is NOT up to 40% yet! They are still a long way to ramping up to 40% capacity
2) A number of their chemical facilities are actually down for extended maintenance.
3) My feel from the conversation was that the dividend is indeed toast.
I always believed that Canexus had good assets, but over the course of this year, I began to realize that it's management was questionable. There is now no doubt that management is questionable and so are the assets...
Kherson
Noble, I originally posted this on October 23rd. Please point out where in fact I have stated that I bought back in?
Kherson