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

RE:Yield now 10%!

[quest13]

Yes it does speak volumes and makes me remember when in the 2008 2009 timeframe I bought CHE quite enthusiastically and paid my lowest price for CHE of $4.91 amid all the doom and gloom being talked about on the markets and Bulletin Boards.

That particular purchase paid 24.4% and the money invested was returned to me within close to 4 years with it continuing to pay $1.20 each year since.

CHE is a cash generator and will continue paying a nice dividend. Its instantaneous price in the market is driven by fear and hopes of small participants.

There was a lot of comment recently about the number of long term people who lost their jobs and were being replaced by Chemtrade. I tend to remember the comments from management that a number of employees were being replaced because they did not operate the (new to CHE) plants and business in the way that CHE did business. I regard the recent payoff as the results of illegal ways of doing business which ran afoul of laws against anti-competitive actions.

I also look at the payment being made as being what reserves are set up for and which will continue with recovery of funds from the vendors of the purchased business. There will be legal wrangling which should not affect the daily running cash generation