Chemtrade Logisitics Inc.
CHE.UN-T
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About Chemtrade Logisitics Inc. (CHE.UN-T)
Chemtrade operates a diversified business providing industrial chemicals and services to customers in North America and around the world. Chemtrade is one of North America’s largest suppliers of sulfuric acid, spent acid processing services, inorganic coagulants for water treatment, sodium chlorate, sodium nitrite, sodium hydrosulfite and phosphorus pentasulfide.
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Expert
DON'T BUY
DON'T BUY
June 19, 2019
The dividend is not safe, though it will be maintained. They've had litigation charges and small-caps overall have done poorly in Canada. They also have a lot of leverage. This stock has been hammered till its cheaper than its three-year average. He sees a 13% growth rate. Their payout ratio is 125%, but will be 69% in 2020. If managers are correct about its predictions, you can hold this, but if not, this is risky.
The dividend is not safe, though it will be maintained. They've had litigation charges and small-caps overall have done poorly in Canada. They also have a lot of leverage. This stock has been hammered till its cheaper than its three-year average. He sees a 13% growth rate. Their payout ratio is 125%, but will be 69% in 2020. If managers are correct about its predictions, you can hold this, but if not, this is risky.
investment companies/funds
SPECULATIVE BUY
SPECULATIVE BUY
May 24, 2019
As a trader, he likes it. But if he owned it, he doesn't. Broken down so badly, back to 2010 levels. It's news driven. Risk/reward is good. Nothing technically that says to buy it. You can try it, but keep it on a very short leash.
As a trader, he likes it. But if he owned it, he doesn't. Broken down so badly, back to 2010 levels. It's news driven. Risk/reward is good. Nothing technically that says to buy it. You can try it, but keep it on a very short leash.
investment companies/funds
Elliott Fishman
Director of U.S. and international equity trading, Trading Services Group, Scotia Wealth
$9.600
Unknown
SELL
SELL
May 23, 2019
It has not done a good job in the last year and half in guiding the street and executing on what they said they would do. He used to own it. You should play it through their bonds but not the equity.
It has not done a good job in the last year and half in guiding the street and executing on what they said they would do. He used to own it. You should play it through their bonds but not the equity.
investment companies/funds
HOLD
HOLD
May 2, 2019
They had a lot of operational problems. The value of the stock is way overdone here. Very illiquid stock.
They had a lot of operational problems. The value of the stock is way overdone here. Very illiquid stock.
investment companies/funds
HOLD
HOLD
April 8, 2019
It has a 6-7% dividend and was paying out all its money as an income trust. In the US they made an acquisition with a law suit attached. It has plummeted. They believe it is a year's worth of cash flow in fees for this suit. There is a risk of a dividend cut in the future but it is safe right now. He has confidence in it, even if they cut the dividend.
It has a 6-7% dividend and was paying out all its money as an income trust. In the US they made an acquisition with a law suit attached. It has plummeted. They believe it is a year's worth of cash flow in fees for this suit. There is a risk of a dividend cut in the future but it is safe right now. He has confidence in it, even if they cut the dividend.
investment companies/funds
TOP PICK
TOP PICK
March 13, 2019
It's one of the few remaining income funds. They've paid $1.20 dividend since 2007, monthly. They had a tough 2018 with issues in a subdivision. They have a payout ratio of 62-90%. Pays a secure 12% dividend. Their strong management can turn things around. (Analysts’ price target is $12.38)
It's one of the few remaining income funds. They've paid $1.20 dividend since 2007, monthly. They had a tough 2018 with issues in a subdivision. They have a payout ratio of 62-90%. Pays a secure 12% dividend. Their strong management can turn things around. (Analysts’ price target is $12.38)
investment companies/funds
SELL
SELL
March 13, 2019
He's look at it occasionally. Recent earnings have disappointed the market. Yields over 12%, which will likely be cut. Depending on your time horizon, you could weather this cut. If you can't, then sell now.
He's look at it occasionally. Recent earnings have disappointed the market. Yields over 12%, which will likely be cut. Depending on your time horizon, you could weather this cut. If you can't, then sell now.
investment companies/funds
WAIT
WAIT
February 20, 2019
Over the past decade their earnings have gone down and the debt remains high. They reported an awful earnings quarter and the stock has plunged. He is not interested just yet. Yield 9%
Over the past decade their earnings have gone down and the debt remains high. They reported an awful earnings quarter and the stock has plunged. He is not interested just yet. Yield 9%
investment companies/funds
DON'T BUY
DON'T BUY
February 14, 2019
It is a cyclical business so has a chance of recovery. The end markets are tough. The earnings have not come through. He is short on this one. Poor price momentum is the worst problem. It is cheap on a book value basis. They have a stretched balance sheet.
It is a cyclical business so has a chance of recovery. The end markets are tough. The earnings have not come through. He is short on this one. Poor price momentum is the worst problem. It is cheap on a book value basis. They have a stretched balance sheet.
investment companies/funds
DON'T BUY
DON'T BUY
January 3, 2019
Good news and bad news. The good news is that the price of the stock has come down a lot and now is at a discount to book value. And also it has a nice dividend yield. But the dividend is $1.20 and they only make 46 cents. When something like that happens then something is wrong here, The markets are expecting a cut. He sees only 4-5% upside potential here. This company is failing its shareholders and it is going to cut its dividend.
Good news and bad news. The good news is that the price of the stock has come down a lot and now is at a discount to book value. And also it has a nice dividend yield. But the dividend is $1.20 and they only make 46 cents. When something like that happens then something is wrong here, The markets are expecting a cut. He sees only 4-5% upside potential here. This company is failing its shareholders and it is going to cut its dividend.
investment companies/funds
DON'T BUY
DON'T BUY
December 18, 2018
Dividend of 11.6%. Their business is pretty good. It's economically sensitive which is a concern.
Dividend of 11.6%. Their business is pretty good. It's economically sensitive which is a concern.
investment companies/funds
WEAK BUY
WEAK BUY
November 21, 2018
Industrials have been slammed and CHE just settled a lawsuit, so this will be punished until the final settlement. Balance sheet is merely okay. But this is cheap now. Safe, high dividend. They could sell assets to help their balance sheet. It's messy but you can buy it at these levels.
Industrials have been slammed and CHE just settled a lawsuit, so this will be punished until the final settlement. Balance sheet is merely okay. But this is cheap now. Safe, high dividend. They could sell assets to help their balance sheet. It's messy but you can buy it at these levels.
investment companies/funds
COMMENT
COMMENT
November 14, 2018
They have a $100-million lawsuit (because of a US acquisition) which will absorb their cash flow. They are highly levered, so this is bad news. Dividend is pushing 10% now; you can hold it for this. A bit risky.
They have a $100-million lawsuit (because of a US acquisition) which will absorb their cash flow. They are highly levered, so this is bad news. Dividend is pushing 10% now; you can hold it for this. A bit risky.
investment companies/funds
DON'T BUY
DON'T BUY
October 11, 2018
It is at a 23 PE and an 8.4% yield. Earnings should decline 6.3% next year. Earnings have been shaved by 7% in the last 90 days. It is above average risk.
It is at a 23 PE and an 8.4% yield. Earnings should decline 6.3% next year. Earnings have been shaved by 7% in the last 90 days. It is above average risk.
investment companies/funds
WEAK BUY
WEAK BUY
September 28, 2018
A very whippy stock, can trade down on little news. Litigation, maintenance issues, balance sheet is high. If there’s a recession, not a good place to be. Management is guiding to a much better second half. Thinks the yield of 7.8% is safe. A 59% payout ratio for 2019. As long as earnings are good, you’re fine. You can make money buying here.
A very whippy stock, can trade down on little news. Litigation, maintenance issues, balance sheet is high. If there’s a recession, not a good place to be. Management is guiding to a much better second half. Thinks the yield of 7.8% is safe. A 59% payout ratio for 2019. As long as earnings are good, you’re fine. You can make money buying here.
investment companies/funds
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