| BUY | 9.820 | Michael Simpson, CFA | Management has guided that the 2nd half of 2007 will be better than the 1st half. Not very liquid. | 2007-07-04 | |
| DON'T BUY | 10.460 | Robert Lauzon | A business trust that has a lot of moving parts to it and there are a lot of risks to a company like this such as foreign exchange, chemical risks, etc. Too much uncertainty. | 2006-09-08 | |
| DON'T BUY | 10.500 | Garth Jestley | Has concerns about input costs. High yield is a reflection of the markets concerns of its high payout ratio. There is danger of further distribution cuts. High debt. | 2006-08-11 | |
| PAST TOP PICK | 10.280 | James Leung | (A Top Pick Jan 27/06. Down 13%.) Hurricane hit one of their plants last year so they had to undergo some downtime and raw material costs have gone up. Believes these issues are temporary. 14% yield is pricing in any risk factor. | 2006-06-30 | |
| DON'T BUY | 9.850 | Ben Cheng | Strong competition in the sodium chlorate area. Trading at some cheaper evaluations, but this is one you should be cautious on. | 2006-05-19 | |
| DON'T BUY | 9.150 | Sandy McIntyre | In the pulp chemical business. A good company but prefers the low-cost producer of Canexus (CUS.UN-T). | 2006-05-12 | |
| DON'T BUY | 9.320 | Kevin Hall BComm, CFA | Plant had been damaged by Katrina but is now up and running. They expect some of their customer facilities in that area to still experience some disruptions in Q1. This company faces a number of challenges especially with pulp chemicals. Has been facing competition from China. | 2006-05-05 | |
| SELL | 10.420 | Michele Robitaille | Have some exposure to the pulp/chemical side of the market but are covered by long-term contracts. A number of their other sides are facing issues. | 2006-04-26 | |
| DON'T BUY | 11.190 | Michele Robitaille | Chemtrade Logistics was a fund that they used to hold in the portfolio. Sold because of operational concerns about this business. The company is facing challenges. Thdy have had some negative impacts due to the hurricane Rita. Cautious going forward. | 2006-03-18 | |
| HOLD | 11.300 | Kevin Hall BComm, CFA | Has had a rough ride. Looks to have a fair amount of support at this level. Cut the distribution which had been expected. Their big problem has been their input costs. A volatile business. Probably not a lot of downside at this level. Would take some profit on any upside. | 2006-02-17 | |
| TOP PICK | 11.650 | James Leung | Good price. | 2006-01-27 | |
| DON'T BUY | 12.000 | Greg Guichon | Has a spectacular history. Raised its distributions several times. Recently went into some chemicals that are destined for the paper industry but hurricanes destroyed refineries which cut off some raw materials. Yield of 11% indicates some concerns. Distributions are expected to be cut. | 2006-01-20 | |
| PAST TOP PICK | 10.610 | Sandy McIntyre | (A Top Pick Aug 12/05. Down 32%.) A classic margin squeeze. Their primary input costs is natural gas. Was looking for weaker gas prices. Don’t see a positive aspect until gas prices normalize. | 2005-12-16 | |
| DON'T BUY | 12.050 | Garth Jestley | Got out at this trust because of concerns of input costs. Had lots of problems with caustic soda. Also had problems on the east coast. | 2005-12-02 | |
| DON'T BUY | 11.890 | Kevin Hall BComm, CFA | Has had a number of concerns and problems in the last little while. Thinks those concerns are now gone. Exceeded expectations. Given the pull back in a lot of the business trusts, thinks there's very good returns available with higher quality names, so wouldn't buy. | 2005-10-28 | |
| BUY | 14.000 | Michael Simpson, CFA | Recently made some acquisitions of Peak Chemical and Peak Sular out of Texas and Louisianna. One facility in Texas was affected by the hurricane. At this price, it's a good buying opportunity. | 2005-10-07 | |
| TOP PICK | 15.790 | Sandy McIntyre | Got beaten up but have recently made a transaction and bought some chemical assets that at a very reasonable price. Payout ratio is acceptable. 10% yield. | 2005-08-12 | |
| DON'T BUY | 15.320 | Michele Robitaille | Became concerned with the operating fundamentals of the company, so sold her holdings. Bit of a margin squeeze when the signed long term contracts with their customers at reduced prices to offset Asian competition. Also facing pretty significant raw material costs. Feels they will have a hard time maintaining their payout ratio. | 2005-07-15 | |
| HOLD | 15.400 | Kevin Hall BComm, CFA | Has been in a downward trend. Faced some increased competition form Asia on one of their product lines as well as seeing some cost pressure increase. Margins were getting squeezed which gave some potential for a distribution cut, so they sold their holdings. Q1 numbers showed they were a little more solid than was expected. Things are starting to look a little more positive. | 2005-05-06 | |
| WEAK BUY | 14.960 | Michele Robitaille | Concerned with competition coming out of China. Have signed relatively long term price agreements with their major customers to combat this. Some question on their ability to earn their distribution in the short term. 2006 there are some growth opportunities. Has come down enough that it might be worthwhile for a higher risk portfolio. | 2005-04-15 | |
| SELL | 15.110 | Matt Baillie | The sulpher business which is its main business is experiencing some competition from China and other international sulpher producers. Thinks it's going to have a tough time. | 2005-04-08 | |
| DON'T BUY | 16.750 | Bill Shaw | Last quarter has been a little more difficult for them. An announcement was made that a potential competitor was going to start a chemical plant, but doesn't see this as a big issue. Their last earnings statement was a little weaker than expected. On a longer term basis they should do OK. Fully valued now. | 2005-02-22 | |
| HOLD | 16.900 | Garth Jestley | Has sold off about 15% since the beginning of the year. Have experienced problems with costs, particularily caustic soda as well as increased competition from the Chinese and the SHS market. Now trading at a 10.5% yield which management says they can hold. At the current levels, he considers it a HOLD. | 2005-02-18 | |
| HOLD | 18.050 | Blair Wilson | Unit price has dropped about 10% because a perceived US competitor wanted to increase their production of sodium sulphate from 0 to 11% of North American production. Should they be successful, it could be a potential risk. No impact on product price yet. Pull back was too much. | 2005-01-18 | |
| HOLD | 18.100 | Glenn Paradis, BA, CFA | With the sell-off, it's becoming more attractive. The big drop on Wednesday was because of news out of the US that there was going to be a competitor in the market place on one of their products. Doesn't feel this a big concern. Should be pretty stable at this price. | 2005-01-13 | |
| DON'T BUY | 18.260 | Ben Cheng | One of North America's largest producers in sulfur dioxide and sulfuric acid. Will grow with the North American economy. Have good healthy cash flow. Expects some slowdown in the economy. | 2004-07-15 | |
| BUY | 18.300 | John Priestman | Likes the outlook for this trust. Have done a good job of making acquisitions. Some distribution increases have occurred. | 2004-05-26 | |
| TOP PICK | 18.690 | Allan Meyer | Could have further appreciation as it gets recognized. 9 1/2% yield. Had a difficult year but have been able to maintain their distributions. | 2004-04-12 | |
| TOP PICK | 15.150 | Sandy McIntyre | Expect gross and net margins to increase because of new acquisitions. | 2003-01-23 | |
| PAST TOP PICK | 14.840 | Ben Cheng | (Was a top pick on April 16. Up 6%) Still likes. Good dividend. | 2002-07-12 | |
| TOP PICK | 14.000 | Ben Cheng | Sensitive to an improving economy. | 2002-04-16 | |
Experts that have talked about Chemtrade Logisitics Inc.
Rss Top Picks Feed