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

RE:Andrew Pink - BNN - TOP PICK

[BarstoolSage]

Their peak was $20 and though I bought high, I managed to average down significantly in covid to where dollar wise this has my largest acb into the lower 6 figures.

Pumps and valves someone once told me. Invest in pumps and valves. Stuff people steadily need in large volumes. 

Gotta love the fundamentals. Relatively low float (117mm) , Excellent though covid based 1 and y 3 year returns.....8% and 42% respectively, 

Just under 10% ROA, just over 31% ROE and just under 15% ROI.

Costs you $4.30 to buy a dollar cash flow with cash flow per share at $2.21

and one and a half times book value. Price earnings is 6.57 and  

Reasonably levered at 1.15%

Currently paying out monthly half of what is used to so reasonable to expect an increase with capital allocation to debt reduction gaining flexibility.

So being a top pick is not unexpected and with a nice dividend increase couold surpass analysts expectations ...not sure how they factor in an expected increase or if they are but it just adds to being optimistic for CHE investors.