TSX:CHE.DB.E - Post by User
Comment by
carp1104on Aug 13, 2022 4:05am
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Post# 34893604
RE:RE:Scotia comment on result
RE:RE:Scotia comment on resultAs I have time to spare lets look at "The need to see further improvemt" A one year chart shows Chemtrade at a low of $6.01 and a six month low of $7.10 and todays high $9.18 .( A price increase of 50%) so if you were to look out to the future one or two years and see the same chart what would you find? The price increase of 50% would give you a share price of $ 9.18 plus $4.59 gives you a share price of $13.77. So I have seen what can happen over a two year span going forwards so lets look back two years and see what the share priice was on August 13th 1988 and I find Chemtrade was $15.18 a share. I have already said that I think that Chemtrade is worth between $12.00 and $14.00 and Scotia says a low of $11.00 and a high of $13.00 per share(2022-2023 =6 quaters), so $13.77 is not out of the question is it?. So if you had bought at $6.01 and held until $13.77 you would be ahead $7.76 ( Up well over 100%) plus all those dividends for 4 years !!. So again do you need to see further improvement and wait until it gets back to 1988 price of $15.18 before you decide to buy? call me crazy but I did not wait for" further improvment" and I hope to see those returns in my pocket.( and sadly not in yours) if you keep waiting for stocks to reach a level where somone else says you should buy. Then you will be lucky to make a small % stock price increase and a lower dividend yield. And BMO and SCOTIA will be telling you what a great company Chemtrade has been for the past 4 years and tell everyone that they recommended the stock to all their clients!! As they take profits while you are now buying. Thats how it works !!
As I always say : just my thoughts and not advice.( I have been wrong before ) and tried to learn from my mistakes
carp1104