Q: its been awhile since anything has been reported on Chemtrade ?
What do you make of its recent earnings?
the sectors that they are involved in look quite positive .
Thanks
Cal
What do you make of its recent earnings?
the sectors that they are involved in look quite positive .
Thanks
Cal
5i Research Answer:
Chemtrade is looking interesting with good momentum and growing off of a low multiple at 9X forward earnings alongside a 5% yield. The company reported a solid earnings report recently and EPS saw a big beat at $0.44 vs $0.30 expected. They are putting together a good string of 'beat and raise' results. The company also has a share repuchase active for potentially 10% of shares. The company reports tomorrow (the 11th) so we might just wait for results at this stage but CHE is doing a lot of the right things currently.