Bullboard - Stock Discussion Forum 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... see more

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TSX:CHE.DB.E - Post Discussion

Chemtrade Logistics Income 6 50 Convertible Unsecured Subordinated Debentures > for your interest

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Post by incomedreamer11 on Aug 23, 2023 9:59am

for your interest

Chemtrade Logistics Income Fund (CHE-UN-T)

Analyst Endri Leno has an “outperform” recommendation and target price of $12.50, implying the unit price may rally 50 per cent.

The analyst highlighted five attractive characteristics for the Fund: “1) exposure to stable end markets that reduces economic cyclicality; 2) tailwinds from the U.S. repatriation of advanced semi-conductor chip manufacturing; 3) an elevated distributable cash yield; 4) a healthy and well-covered monthly distribution; and 5) an inexpensive valuation.”

The analyst’s adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) forecasts are $450.5-million in 2023, up from $430.9-million in 2022, retreating to $420 million in 2024.

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