TSX:CHE.DB.E - Post by User
Comment by
Khersonon Jun 06, 2019 9:49pm
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Post# 29804590
RE:RE:RE:Fantome
RE:RE:RE:Fantomesherry532 wrote: This is what CEO said while answering a question after Q1 results,"First,as we’ve said a number of times, is that there was a time in the financial crisis when we were paying out $1.20, and we were valued at 4.50 bucks, right, and that was a temporary dislocation in the markets. We actually believe that actually, after we show a couple of good quarters, our stock price should actually respond appropriately, and we won’t be paying out as big of a yield percentage as we are now. What we’ve said a number of times is that we have no liquidity problems, so we intend to keep paying out our distribution and don’t see any problems with that.We do think, actually, that as earnings improve, we will actually delever on that basis."
My take: Boring little company which had a temporary setback. Has a long history of consistently paying the distr. 37% of the outstanding shares were bought at $19.5 (Avg) by way of three bought deals. There are lot others who have bought it higher than $15. Unit price has recovered after Q1 and will do the same in next six months. One of the best stock to hold during uncertain times. They have gathered plenty of assets which are as good as cash in hand. World is going to need more of their products. Most of the bad news is behind us.
Davis' days maybe numbered! If Chemtrade does not soon show improvement, both he and the financial whiz will be shown the door!
Kherson