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

Alternate Symbol(s): CGIFF | T.CHE.UN | T.CHE.DB.G | T.CHE.DB.H

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 sulphur, liquid sulphur dioxide, hydrogen sulphide, sodium bisulphite, and sulphides, and provides other processing services. This segment also manufactures and markets a variety of inorganic coagulants used in water treatment, including aluminum sulphate, and a number of specialty chemicals, including sodium nitrite. EC segment manufactures and markets sodium chlorate and chlor-alkali products including caustic soda, chlorine and HCl, largely for the pulp and paper, oil and gas and water treatment industries. These products are marketed primarily to North American and South American customers.

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Chemtrade Logistics Income 6 50 Convertible Unsecured Subordinated Debentures > Where are we now?

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Comment by Khersonon Dec 26, 2020 9:20pm

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Post# 32184484

RE:RE:Where are we now?

Looks to me like the 2020 4th Quarter Financials will be even worse than the 2019 4th Quarter Financials!
Kherson

Kherson wrote:

Fantome wrote: As many of you know from my previous posts...I have been a shareholder of CHE since 2008..my original buy was at 8 and then bought more in the high 4s during the financial crisis.

Over the past year or so I have stuck with mgt even though my gut feeling was that all we needed was a few more quarters without a negative news and have posted accordigly here.

One of my concerns in the past and one which I relayed to mgt was that I was concerned that news seemed to be leaking out about negative news before the company issued a PR....I am not suggesting that there were insider leaks but the previous examples dealt with the court settlements and there were lots of others involved..my issue was the tardy response by the company to provide a PR to let exisitng shareholers know what was going on.

IMO the latest Q report was terrilbe and the company did not adequately prepare shareholders for such a negative report.

One of my principal decisions/rules regarding whether i hold shares in a company or not depends on my gut feeling whether or not managment can be trusted and whether or not they are acting in the best of interests of long-term shareholders..

After reviewing the 4Q report..my conclusion was that mgt failed on both accounts.

For this reason with a great deal of angts and sadness... I sold my entire position in CHE today

For the benefit of those who remain long....I hope I am wrong in making this decision....but based on my market discipline that I have successfullyt employed over many decades as both an investment professional on the Street and as a private investors...I needed to follow that discipline and move on to look for other opportunities.

I came to the same conclusion about Chemtrade's management two years ago. The funny thing is that Sentry Investments who used to be one of Chemtrade's biggest supporters 3 years ago, began dumping their position two years ago!
Unitholders need to realize that all of the 4th Quarter distributions ($30 million) were paid with borrowed funds!
Kherson