Looking for an opinion on Chemtrade Logistics.

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Big Time dividend but the share price has been murdered over the last few years. Share price seems to have found some footing as of late.

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Asked on September 23, 2020 7:53 am
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I'm not a big fan of this company. It pretty much slashed its dividend immediately after the pandemic began (March 11th it slashed it in half).

And, even with that dividend cut, the dividend makes up over 85% of free cash flows.

Negative revenue growth, a dividend cut, shrinking earnings, and a 5 year chart that's pretty horrendous. This company isn't for me.

Has the selloff been overdone and there may be some chances for short term profits? Potentially. But from a long-term fundamental perspective, I don't want this company in my portfolio.

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Posted by Dan Kent
Answered on September 23, 2020 9:20 am