TSX:CHE.DB.E - Post by User
Post by
retiredcfon May 23, 2024 6:29am
232 Views
Post# 36053402
Stockchase Insights
Stockchase Insights PARTIAL BUY
Chemtrade Logistics Income Fund(CHE.UN-T)
22/05/2024
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research
Chemtrade posted strong Q1/24 results, and management is now guiding to the upper end of its 2024 guidance range. The operating segments are performing well and with a significantly stronger balance sheet relative to previous years, the Board has approved a 10% share buyback and the company is also considering strategic M&A opportunities. The balance sheet has improved a bit versus prior years as cash flow has grown. It is still cyclical, but we will give it kudos for its strong quarter and guidance. It is also priced well at 7X earnings. We note the company has cut its dividend in the past, however and at 5.5c is still not near its prior 10c level.
Chemicals
$9.170