Post by
Kherson on Oct 23, 2014 10:32pm
Talked to IR today!
I will be exiting my position in Canexus tomorrow. Here is why:
1) The Blunderheim utilization rate is NOT up to 40% yet! They are still a long way to ramping up to 40% capacity
2) A number of their chemical facilities are actually down for extended maintenance.
3) My feel from the conversation was that the dividend is indeed toast.
I always believed that Canexus had good assets, but over the course of this year, I began to realize that it's management was questionable. There is now no doubt that management is questionable and so are the assets...
Kherson
Comment by
Kherson on Dec 04, 2014 11:14pm
Noble, I originally posted this on October 23rd. Please point out where in fact I have stated that I bought back in? Kherson